Market Talk Mar 19th (powered by Credit Suisse)
19.03.07 10:08
  

Swatch (UHR VX) – FY sales 5.05bn (already announced) / EBIT 973m (vs cons 735m) / net 827m (vs cons 772m) / raises dividend from CHF 2.50 to CHF 3.50 Outlook: company announced to buy back 400m CHF worth of shares – sees further sales growth (BB)

 

Kuoni (KUNN SW) – According to “La Tribune” TUI will merge its tour operating business with Fist Choice – TUI to hold media conference at 10:00am CET (La Tribune)

 

SGS (SGSN VX) – to launch buyback of up to CHF 250m – to be used for employee share program (BB)

 

Sika (SIK SW) – Sika is selling its bituminous coatings production in Germany to Walter Maeder AG – no terms given – the unit had annual sales of CHF 5m (BB)

 

Vontobel (VONN SW) – could spend as much as CHF 1.5bn on acquisitions in the coming four years, according to CEO Herbert Scheidt (NZZaS)

 

Ypsomed (YPSN SW) – stock under pressure last Friday after Sanofi said it will start launching a new disposable insulin pen in Europe – start next month (BB)
 

 
 
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