Market Talk 18th Feb (powered by Credit Suisse)
28.02.07 10:14

 


Converium (CHRN SW) – FY06 net 57.1m (vs cons 42.8m) / gross.prem. 1.98bn (vs cons 1.94bn) / CR 96.3% (vs cons 98.8%) Outlook: sees premiums of USD 3bn by 2009 and CR of 96% (BB)

 

Holcim (HOLN VX) – FY06 sales 23.969bn (vs cons 23.607bn) / EBIT 4.385bn (vs cons 4.244bn) / net profit 2.104bn (vs cons 1.905bn) Outlook: dividend CHF 2 (vs CHF 1.65) – sees 5% growth in oper.EBITDA in 2007 (BB)

 

EFG (EFGN SW) – FY06 net 230m (vs cons 233.3m) / AuM 73.6bn (vs cons 65.4bn) / cost income ratio 55.6% (vs cons 56%) Outlook: company lifts '07 targets: AuM 93-99bn (vs 87-93bn) – CRO 540m (vs 500-525) – also ups 2008 targets (BB)

 

Temenos (TEMN SW) – FY06 sales 216.3m (vs cons 213.6m) / ILF 97.9 (vs cons 92.7) / EBIT 33.3 (vs cons 33.1) / net profit 34.4 (vs cons 30.6) Outlook: sees FY07 ILF USD 115m – lifts FY07 sales expectations 270m (vs 250m) – EPS USD 0.81 (vs 0.66) – can buy back 20m shares in 2007 BB)

 

CardGuard (CARDG SW) – FY06 sales 54.5m / net profit 1.8m – this incl. USD 3.5m IPO costs for LifeWatch and tax benefit of 7.6m – waiting for SEC approval for LW IPO (BB)

 

Burckhardt (BCHN SW) – CEO confirms outlook, may do acquisitions (CHF 5-10m), EBIT margin in 2H06/07 expect touch lower vs 1H's 20.7% (BB)

 

 
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