Swiss stocks - Factors to watch on March 4

SFS AG

04/03/2022 05:51

ZURICH/BERLIN, March 4 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse said no client data had been erased within the
bank when it asked investors to destroy documents relating to a
transaction in November last year, in reaction to a report
published by the Financial Times this week.  urn:newsml:reuters.com:*:nZ8N2DO03S
    Separately, Credit Suisse Chas named Saad Rawra as its head
of clean-energy technology banking and Canadian head of
diversified industries group to help drive the Swiss bank's
growing global energy tech franchise, according to a memo seen
by Reuters.  urn:newsml:reuters.com:*:nL4N2V60YB
    
    COMPANY STATEMENTS
    * Swatch Group  UHR.S  said it had put exports to Russia on
hold because of the overall difficult situation but its stores
there will remain open.  UHR.S 
    * Comet Holding AG  COTNE.S  said it expects to achieve net
sales between 570 - 610 million Sfr and an EBITDA margin between
21% and 23% in 2022.  COTNE.S 
    * SFS Group AG  SFSN.S  reported full-year net profit of 248
million Sfr.  SFSN.S 
    * Coltene Holding AG  CLTN.S  said full-year net profit rose
to 31.7 million Sfr from 8.2 million Sfr in 2020.  CLTN.S 
    * Schweiter Technologies AG  SWTQ.S  said full-year NET
SALES ROSE by 6% TO 1.227 billion Sfr.  SWTQ.S 
    
    ANALYSTS VIEWS
    * SOFTWAREONE HOLDING AG  SWON.S : JP MORGAN CUTS TO NEUTRAL
FROM OVERWEIGHT; CUTS TARGET PRICE TO CHF 16 FROM CHF 27
  
    ECONOMY
    No major Swiss economic data scheduled.

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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