| Zurich Market Talk - 12-01-2012 |
| 12.01.12 07:17 | |
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The Geberit Group generated sales of CHF 2122.6 million in 2011. This represents a slight decrease of 1.1% in Swiss Francs, but an increase of 9.5% in local currencies, outpacing the growth of the current market environment. In terms of results, Management expects an operating cashflow margin at the upper end of the medium-term target range of 23 to 25 percent for the entire year. Link: Click Here Zurich announces successful placement of USD 500 million Capital Notes. Zurich announced the successful placement of USD 500 million of undated Capital Notes (hybrid capital), first callable in 2018. The transaction primarily targeted investors in the Asian market. Link: Click Here Sulzer: Strong adjusted growth of 14% for the full year 2011. Order Intake Increased to CHF 3.6 Billion. For the full year 2011, Sulzer received orders of CHF 3 566.1 million. This was a significant adjusted1 increase of 13.7% (nominal increase of 8.4%) from the previous year. In a challenging environment, the growth was driven by larger orders in the oil and gas upstream market (mainly in the first half of the year), the automotive industry, and other general industrial markets as well as by acquisitions. Link: Click Here Roche (SIX: RO, ROG) announced today that it has received clearance from the U.S. Food and Drug Administration (FDA) for its Accu-Chek Nano SmartView blood glucose monitoring system. The new Accu-Chek Nano meter, which is smaller than a standard credit card, employs a large brilliant backlit display and does not require any manual coding or code key for enhanced ease of use. Link: Click Here Zurich Airport Key Figures - December 2011. Traffic Figures. 1,804,038 passengers were handled at Zurich Airport during December 2011, a gain of 4.2% versus December 2010. The full year 2011 passenger growth stands at +6.4% compared to 2010. O&D or local passengers (originating or departing from Zurich) increased by 4.2% to 1,144,160 compared to previous December (YTD +7.4%). Transfer passengers increased by 4.6% to 654,216 in December (YTD +4.5%). The transfer rate which was at 36.2% last December is currently at 36.3% (YTD 34.0%). Link: Click Here Economy ******** Euro area GDP slowed down to +0.1% q/q in Q3 11. Eurostat's third (and final) estimate of euro area Q3 GDP has been revised down to +0.1% q/q from +0.2% q/q published in the second estimate. The euro area economy has thus experienced the slowest pace of growth since Q2 09 (when it fell by 0.2% q/q) in Q3 2011, slowing down from +0.2% q/q in Q2 (and +0.8% q/q in Q1). Link: Click Here Economic and Social Turmoil Risk Reversing the Gains of Globalization, Report Warns. Economic imbalances and social inequality risk reversing the gains of globalization. A dystopian world, unsafe safeguards and the dark side of connectivity are this year’s major risk cases. Report analyses top 10 risks in economic, environmental, geopolitical, societal and technological categories. Key crisis management lessons from Japan’s earthquake, tsunami and nuclear disasters are highlighted. The world’s vulnerability to further economic shocks and social upheaval risk undermining the progress that globalization has brought, warns the World Economic Forum in its Global Risks 2012 report, the seventh edition, published Wednesday. Link: Click Here Strong domestic demand drives robust German growth performance in 2011. In line with expectations, annual 2011 German GDP growth was 3.0%, according to a first estimate released today by the German Federal Statistical Office, slightly lower than in 2010 (3.6%). However, final domestic demand strengthened further in 2011 and contributed 2.2 percentage points (ppts) to GDP growth, compared with 1.7ppts in 2010. Link: Click Here |
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