Swiss stocks - Factors to watch on March 3

Feintool International Holding AG

03/03/2015 06:56

ZURICH, March 3 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Tuesday: 
       
    COMPANY STATEMENTS  CPR-CH  
    * Sika  SIK.VX  said it had agreed to acquire U.S.-based 
mortar producer BMI in order to accelerate its global expansion 
in the mortar business.  SIK.VX   
    * GAM Holding  GAMH.S  posted underlying net profit for 2014 
of 177.2 million Swiss francs, down 16 percent year on year. 
 GAMH.S  
    * Daetwyler  DAE.S  posted net revenue for 2014 of 1.25 
billion Swiss francs, down 9.4 percent compared to the previous 
year, and said it regards sales of 1.2 billion in 2015 as a 
"realistic target".  DAE.S  
    * Feintool  FTON.S  said 2014 sales grew by 16 percent 
year-on-year to 503 million Swiss francs. It also said it had 
responded to the franc's recent appreciation by increasing 
weekly working hours, cutting the number of temporary staff and 
halting new recruitment and overtime pay at its Swiss production 
facilities in Lyss and Jona.  FTON.S  
    * Swissquote  SQN.S  said 2014 net revenues increased by 
16.5 percent year on year to 145.5 million Swiss francs.  SQN.S  
    * Implenia  IMPN.S  said its chairman, Markus Dennler, is 
not standing for re-election at its next annual shareholder 
meeting in March and the board will propose Hubert Achermann as 
its new chairman. The company also said Bilfinger Construction 
is now part of the company following a successful closing of the 
transaction.  IMPN.S  
    * AFG Arbonia  AFGN.S  said strong import and cost pressures 
and the new currency reality are forcing accelerated and further 
restructuring measures in its Building Envelope Division. It is 
planning cuts of 150-200 jobs at EgoKiefer over the coming 18 
months.  AFGN.S  
    * PSP Property  PSPN.S  operating net income in 2014, 
excluding changes in fair value, fell by 2.5 percent year on 
year to 169.3 million Swiss francs.  PSPN.S  
 
    ECONOMY  M-CH  
    The Swiss economy grew by 0.6 percent in the fourth quarter 
from the previous quarter, the State Secretariat for Economic 
Affairs (SECO) said on Tuesday.  ID:nZ8N0W102W  
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))