** Shares of EMS Chemie EMSN.S fall around 4% after the Swiss chemicals company reported full year results amid adverse macroeconomic environment
** The company's annual net sales dropped by 5.8% and it said that for 2026 it expects the falling trend to continue
** Vontobel analysts say the results reflect "light and shadow" and that growth was held back by weak economic development, subdued consumer sentiment and unfavourable exchange rate developments
** "EMS perfomed well in a challenging market environment but was unable to meet all expectations and cannot entirely escape the impact of difficult market conditions", the broker adds
** "We will need to adjust our revenue estimates downwards due to the slightly lower baseline and guidance," Zuercher Kantonalbank says
** Shares are on track for the worst day since May 2025
(Reporting by Simon Ferdinand Eibach)
((Simonferdinand.eibach@thomsonreuters.com))