Swiss stocks - Factors to watch on March 15
15/03/2016 07:09
ZURICH, March 15 (Reuters) - The Swiss blue-chip SMI .SSMI
was seen opening 0.2 percent lower at 8,002 points on Tuesday,
according to premarket indications by bank Julius Baer
JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks:
ROCHE ROG.S
The U.S. Food and Drug Administration has granted a priority
review status to Roche's new immunotherapy, atezolizumab, to
treat advanced bladder cancer, the Swiss pharmaceutical maker
said on Tuesday. urn:newsml:reuters.com:*:nFWN16M06T
For more click on ROG.S
GEBERIT GEBN.S
The Swiss sanitary equipment maker posted a
smaller-than-expected year-on-year drop in full-year net profit
while cautioning the continued integration of Sanitec would
impact 2016 earnings. Geberit said it would offer shareholders a
2015 dividend of 8.40 francs per share, up 1.2 percent on 2014
but below a poll estimate for 8.52 francs. Shares were seen
opening down 2.4 percent in premarket indicators. urn:newsml:reuters.com:*:nFWN16M06M
For more click on GEBN.S
COMPANY STATEMENTS CPR-CH
* Julius Baer BAER.S said Ann Almeida, former group
managing director of human resources and corporate
sustainability of HSBC Holdings, has been nominated for election
to its board of directors at the annual general meeting on 13
April 2016. BAER.S
* Basilea BSLN.S said Martin Nicklasson has determined not
to stand for re-election as chairman but will stand for
re-election as a member of the board. Domenico Scala is
nominated as new chairman of the board, the company said.
BSLN.S
* Media group Tamedia AG TAMN.S saw revenues fall 4.5
percent in 2015 to 1.1 billion Swiss francs ($1.12 billion) due
to economic slowdown and an ongoing structural change, the
company said on Tuesday. But thanks to one-off effects, it upped
net profit to 334 million francs. TAMN.S
* Komax Holding KOMN.S said it agreed to sell Komax
Medtech to a subsidiary of Italy's IMA Group in a deal worth
around 28 million Swiss francs. urn:newsml:reuters.com:*:nFWN16M060
* Forbo Holding FORN.S has proposed a dividend increase to
17 francs for 2015 from 16 francs the previous year despite a
fall in sales and earnings. FORN.S
* Tornos Holding's TOHN.S net sales were down 6.7 percent
in 2015 at 164 million francs. TOHN.S
* Kuoni KUNN.S posted a net result from continuing
operations of 57.9 million francs. [KUNN.S
* Swiss Prime Site SPSN.S said 2015 profit jumped by 23.9
percent to 355.1 million Swiss francs. SPSN.S
* Rieter RIEN.S posted 2015 sales of 1.04 billion Swiss
francs, down from 1.15 billion francs in 2014. It said it would
propose a dividend of 4.50 francs per share for 2015, the same
as for the prior year. RIEN.S
* Addex Therapeutics ADXN.S has completed a successful
study of its dipraglurant small molecule inhibitor with twelve
healthy volunteers that tested the relationship of dipraglurant
dosing to occupancy of metabotropic glutamate receptor 5 in the
brain. Dipraglurant is designed to treat Parkinson's disease,
and the trial was funded by the Michael J. Fox Foundation for
Parkinson's Research. ADXN.S
* Accu Holding ACUN.S said its board of directors will
propose an increase in shareholders' equity at an extraordinary
general assembly on March 16. They will propose to increase
equity by a maximum of 1,309,307 new shares at a subscription
price of 11.50 Swiss francs per share. The company said it has
made an encouraging start into 2016 and is confident
consolidated turnover will exceed 150 million francs this year.
ACUN.S
* Tecan Group TECN.S expects 2016 earnings before
depreciation and amortization to be in line with 2015 earnings
of 83.4 million francs. The company upped EBITDA from 67.5
million francs in 2014 and would propose a dividend increase to
1.75 francs per share for 2015, the company said on Tuesday.
TECN.S
* Galenica GALN.S said it will propose a dividend of 18
francs per share, up from 15 francs in the previous year.
GALN.S
* Partners Group PGHN.S said it is building a headquarters
for its Americas operations. PGHN.S
* Gurit GUR.S said 2015 net profit was 22.6 million
francs, up from 11.1 million in 2014. It is proposing a
distribution of 15 francs per bearer share. GUR.S
* Peach Property PEAN.S said 2015 earnings before tax
increased to 3.3 million francs following a loss of 8.7 million
francs in the previous year. After tax, profit was 1.2 million
francs. PEAN.S
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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