Swiss Tecan jumps 12% following H1 results, buyback plan

Tecan AG

12/08/2025 08:48

** Shares of Tecan TECN.S rise 12% after the Swiss laboratory equipment producer reported H1 results and announced a share buyback of up to CHF 120 mln ($148 mln)

** H1 sales decline of 5.9% in CHF was slightly better than expected, Vontobel says, pointing to first signs of market improvement in Q2

** Analysts from Zürcher Kantonalbank also say the results have a clearly positive undertone

** However, the EBIT margin was historically low at 5.3%, pressured by a weak Life Sciences business, FX headwinds and U.S. tariffs, among others, Vontobel says

** The buyback programme will be launched on August 13 and completed no later than August 12, 2027, Tecan says

($1 = 0.8098 Swiss francs)

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))