Swiss stocks - Factors to watch on March 11

Compagnie Financiere Tradition SA

11/03/2016 06:44

ZURICH, March 11 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Friday. 
     
    NESTLE  NESN.S  
    The company is recalling some DiGiorno, Lean Cuisine and 
Stouffer's products in the United States and Canada because they 
may be contaminated with small pieces of glass.  urn:newsml:reuters.com:*:nPn1BWsc4 
    For more click on  NESN.S  
 
    EFG International AG  EFGN.S  
    A Singapore-based private banker who handled Swiss private 
bank BSI's relationship with embattled state investor 1Malaysia 
Development Bhd (1MDB) has left the bank, an external 
spokeswoman said on Friday.  urn:newsml:reuters.com:*:nL4N16J04E 
    For more click on  EFGN.S  
 
    PRIVATE BANKING 
    Swiss private banking group J. Safra Sarasin said on Friday 
group net profit for 2015 rose 12 percent from the previous year 
to 230.5 million Swiss francs ($234 million). Vice Chairman 
Jacob J. Safra said on Friday the privately held group's strong 
capitalisation enabled it to be a "proactive consolidator in the 
private banking market."  urn:newsml:reuters.com:*:nZ8N15Y00M 
     
    COMPANY STATEMENTS  CPR-CH  
    * Sulzer  SUN.S  plans to close its manufacturing facility 
for trays, internals, static mixers, and structured packings for 
the oil and gas market in Oberwinterthur, Switzerland, resulting 
in the loss of 90 jobs. Demand for products from Sulzer, 63 
percent controlled by Russian billionaire Viktor Vekselberg, has 
tumbled as persistently low oil prices prompt customers in the 
industry to cancel investment.  SUN.S  
    * Broker Cie Financiere Tradition  CFT.S  said it faced a 
"stabilizing market environment" in 2015, although some markets, 
particularly in Europe, remained under pressure. Reported 
revenue fell to 814.5 million francs from 837.5 million in 2014, 
while net profit rose to 40.5 million francs from 27.7 million 
the year before.  CFT.S  
    * Burckhardt Compression Holding AG  BCHN.S  is buying a 60 
percent stake in China's Shenyang Yuanda Compressor Co., Ltd. as 
it seeks to expand in China while simultaneously gaining access 
to new market segments with an expanded product portfolio. 
 BCHN.S  
    * Flughafen Zuerich  FHZN.S  said full-year profit rose 4.6 
percent to 215.3 million and that it plans a dividend of 15 
francs per share.  FHZN.S  
    * Mobilezone AG  MOZN.S  reported that earnings per share in 
the full-year 2015 rose to 0.96 francs, from 0.71 francs per 
share in the year earlier. Sales more than doubled to 859 
million francs after the Swiss company made acquisitions. 
 MOZN.S  
    * Bachem Holding AG  BANB.S  increased full-year net income 
by 9.5 percent to 31.8 million francs, the group said on Friday. 
It plans a dividend of 2.25 francs, up from 2.00 francs in 2014. 
 BANB.S  
    * Novartis  NOVN.S  has submitted an application to the FDA 
with Denmark's Genmab  GEN.CO  for a supplemental biologics 
license for its ofatumumab medicine, in combination with 
fludarabine and cyclophosphamide (FC), for the treatment of 
patients with relapsed chronic lymphocytic leukemia.  NOVN.S  
    * Regional builder and property manager Zug Estates Group 
 ZUGN.S  said it is cautiously optimistic for the current year 
and expects operating income before depreciation and revaluation 
to flatten after rising 4 percent to 39.2 million francs in 
2015.  ZUGN.S  
    * Chemicals and ingredients maker Dottikon ES Holding 
 DESN.S , whose products are sold to the pharmaceuticals 
industry, is expanding and increasing employees in Switzerland. 
Over the next two years, it will invest 100 million francs into 
development and production site in its hometown of Dottikon, 
adding 100 new jobs.  DESN.S  
    * Construction company Implenia  IMPN.S  has been contracted 
for a number of new projects in French-speaking Switzerland 
worth 73 million francs. These include general contracting for 
an expansion at the Geneva Airport and contracts for highway and 
tunnel improvements.  IMPN.S  
     
    ECONOMY  M-CH  
 
($1 = 0.9849 Swiss francs) 
 
 (Reporting by Zurich newsroom) 
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