Swiss stocks - Factors to watch on March 2

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, March 2 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% lower at 11,036 points on Thursday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks:


SGS SGS is divesting its automotive asset assessment and retail network services business to Belgium's Macadam Europe, the Swiss company said. Clariant The company forecast its annual sales to slightly decline in 2023, after reporting sales for the 2022 fairly in line with expectations.


COMPANY STATEMENTS
* Cicor Technologies : Board of Directors To Propose To Waive 2022 Dividend At AGM.


* Gurit reported FY Operating Profit at CHF 22.3 million.


* SoftwareONE reported full year revenue below forecasts.
*VZ Holding : FY Operating Revenues up at CHF 413.9 Mln
*Kardex Holding reports FY revenue rose 24.2% to 565.6 mln eur
*VAT Group FY 2022 EBITDA at CHF 400 Million
*Bystronic says its FY net result stood at CHF 36.6 mln (2021: CHF 56.8 Mln)
*Comet reported FY sales growth of 14.1% to CHF 586.4 mln
* Inficon Holding said its Q4 operating profit rose 9% to $33.9 Mln.
* Sonova said Katya Kruglova is to join its management board as GVP human resources & communications.


* Santhera submits a marketing authorization application to the UK MHRA for Vamorolone in Duchenne Muscular Dystrophy.



ANALYST RATINGS SWISSCOM AG : MORGAN STANLEY RAISES TARGET PRICE TO CHF 680 FROM CHF 640 TECAN GROUP AG : BERENBERG CUTS TARGET PRICE TO CHF 431 FROM CHF 467 ADECCO GROUP AG : CITIGROUP CUTS PRICE TARGET TO CHF 40 FROM CHF 45 KUEHNE UND NAGEL INTERNATIONAL AG : JP MORGAN RAISES TARGET PRICE TO CHF 290 FROM CHF 280


ECONOMY


No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk)


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