Adecco – FY06 sales EUR 20.4bn (vs cons 20.51bn) / EBIT 816m (vs cons 822.5m) / net profit 611m (vs cons 551m) / EBIT margin 4% (vs 3.4% in ’05) > Outlook: confirms ’09 targets (growth 7-9% p.a) – sees favourable growth in the industry – dividend CHF 1.20 (vs 1.00) (BB)

Schweiter – FY06 sales CHF 461m (vs cons 432.9m) / EBIT 37.3m (vs cons 42.2m) / net profit 33.4m (vs cons 32.8m) > Outlook: company says ’07 began with “healthy order books” (BB)

Gurit – FY06 sales CHF 381.3m (vs cons 370.3m) / EBIT 27.5m (vs cons 27.4m) Outlook: Gurit exceeded ’06 sales target of CHF 365m – said revenues were driven by wind energy industry (BB)

Ascom – 5.8165m shares (15.16%) changed hand off exchange yesterday at CHF 20.00 – according to article in NZZ it could be Victory Holding – if they would be the buyer their stake would be 35% ie > public offer would have to be announced soon (NZZ)

ZurichFin – Farmers acquires Bristol West Holding for USD 712m (22.5/share) (BB) SwissLife – Banca del Gottardo FY06 net +17.2% at CHF 97m / AuM 35.8bn (vs 38.7bn) Outlook: company sees FY07 net of 130m – ROE above 15% (BB)

Micronas – holds AGM today (BB)

Nestle – CS IB increase price target from CHF 465 to CHF 530, rating outperform (CS IB research update)

SwissRe – UBS upgrade to Buy and increase price target to CHF 120 (UBS research update) Citi upgrade from hold to buy with price target at CHF 128 (Citi research update)