Helvetia (HELN SW) FY gross premiums 5.256bn (vs cons 5.202bn) / net profit 423.8m (vs cons 357.6m) Outlook: says combined ratio non-life well below 100 (BB)
Speedel (SPPN SW) FY EBIT -85.6m (vs cons -78m) / net loss -91.1m (- 83.3m) Outlook: sees cash burn rate in ’07 at CHF 75-83m says it can finance operations until end 2008 company still in discussions with FDA on SPP200 and will announce decision during ’07, no longer in Q1 (BB) Dätwyler (DAE SW) FY revenues up 11% to 1.21bn (vs 1.21bn) / EBIT 90m (vs 86m) / net 76.5m (vs 75.6m) Outlook: company proposes split bearer shares 100:1 cancels 10k unissued shares (BB) Arpida (ARPN SW) Arpida says AR-709 showed promising results in human tests (BB) Bellevue Group (BBN SW) FY revenues 101.1m (vs 55.5m y/y) / net 120m (vs 59.7m y/y) / AuM 6.8bn (vs 10.9bn y/y) Outlook: company will increase dividend from CHF 2 to CHF 5 (BB) SwissLife (SLHN VX) CS IB increase price target from CHF 338 to CHF 370, reiterate outperform rating (CS IB research update) Rieter (RIEN SW) CS IB cut price target from CHF 719 to CHF 650, rating neutral (CS IB research update) Roche (ROG VX) Avastin gets EU approval for breast cancer (BB) Accutane (acne treatment) isn’t safe to buy online internet sales raises risk that patients will have babies with birth defect, US regulators warned (BB) Syngenta (SYNN VX) to buy German flower company Fischer Group for $67m (BB)
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