Valartis (VLRT SW) - FY 06 net profit 45.3 m (vs cons 50.1 m) / AuM 3.825 bn (vs cons 3.474 bn) / dividend unchanged at CHF 2.75 / cost income ratio 42.4%. Outlook: restructuring effort and new position should start to pay-off in 2007 (BB). 

Unilabs - sales 147.2 m (vs cons 139.8 m) / net profit 7.4 m (vs cons 8.6 m). Outlook: lowers organic sales growth to 1% (vs 2-2.5%) including acquisitions - sees FY06/07 sales 305-310m - keeps margin target unchanged (BB).

Affichage - FY06 sales 334.5m (vs cons 325.2m) / net profit 31.9m (vs cons 24.8m). Outlook: for the first half of 2007 they company expect continued brisk growth (BB).

IsoTis - FY06 sales 40.7m / loss - 18.5m / squeeze out / seeks delisting from SWX - listed in US: ISOT US (BB).

ABB - Deutsche Bank downgrade from buy to hold - price target unchanged at CHF 23 (DB research update).

Holcim - plans to buy remaining 33% of India’s Acil - with this move Holcim would increase stake in Gujarat Ambuja Cements as Acil holds an indirect 9.93% stake (BB).