Swiss stocks - Factors to watch on Aug 13
13/08/2014 07:19
ZURICH, Aug 13 (Reuters) - Swiss shares were seen idling on
Wednesday, as weak macro figures from Asia and worries over the
crisis in Ukraine kept investors on edge.
The Swiss blue-chip SMI .SSMI was seen opening 0.1 percent
higher at 8,337 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Wednesday:
SWISS LIFE SLHN.VX
Switzerland's largest dedicated life insurer beat
expectations with a slight rise in first-half net income, buoyed
by a strong performance in its home market, and said it is
buying a real estate service provider in Germany.
For more, click on SLHN.VX
RAIFFEISEN
The Swiss National Bank (SNB) said on Wednesday it is adding
cooperative lender Raffeisen to a list of banks that come under
closer supervision due to their importance to the wider
financial system.
For more, click on ID:nWEB00RFM
COMPANY STATEMENTS CPR-CH
* Schindler SCHN.S said net profit surged 80 percent to
371 million Swiss francs ($408.68 million) despite an
impairment on its stake in Hyundai 017800.KS on a gain of 75
million francs related to Mall of Switzerland, and that it
expects full-year revenue will grow by 6 to 8 percent in local
currencies and net profit will total 800 million to 850 million
francs, or an adjusted net profit of 635 million to 685 million
francs. SCHP.VX
* Straumann STMN.S said it will acquire approximately 12
percent of shares in RODO Medical, a privately-held company
developing innovative devices in dental implant restorations,
for an undisclosed sum. STMN.S
* Adecco ADEN.VX said U.S.-based fund manager Harris
Associates L.P holds 5.28 percent of the share capital of the
company through registered shares. ADEN.VX
* Conzzeta CONC.S said first-half profit rose 7.6 percent
to 23.2 million francs, including 2.5 million francs from the
sale of properties by Plazza Immobilien, and said full-year
results will be affected by the disposal of its ixmation
business unit on the order of 25 million francs. CONC.S
* SFS SFSN.S said first-half net profit rose 12 percent to
65.4 million francs and that it is expecting to achieve a higher
margin on earnings before interest, tax and amortisation for the
second half. For the year as a whole, SFS expects an EBITA
margin of 14 to 15 percent. SFSN.S
* Bravofly BRGF.S said it will buy back a maximum of 10
million euros (13.36 million US dollar) worth of its own shares
to be used for employee stock option 2011-2013 plans and to
finance acquisitions. BRGF.S.
* Tecan TECN.S said first-half net profit rose nearly 13
percent to 18.6 million francs and confirmed that it continues
to expect full-year sales in local currencies to grow at least
in the mid single-digit percentage range, and for the operating
profit margin a further increase of around 50 basis points on
the year. TECN.S
ECONOMY M-CH
* Swiss ZEW for August is due at 0900 GMT. CHZEW=
((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,
zurich.newsroom@news.reuters.com))
(1 US dollar = 0.9078 Swiss franc)
(1 US dollar = 0.7483 euro)
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