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Recent Swiss Stock Market News
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[2008/11/14]
Helvetia Holding: HypoSwiss recommends to BUY
Helvetia Holding is a mid-tier Swiss composite insurance company with core competencies in risk management (life and non-life business, reinsurance) and pensions. The life insurance business contributes app. 60% to total premiums ...
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[2008/11/5]
Swisscom: Credit Suisse reiterates BUY
Swisscom (SCMN) reported Q3 headline results which were impacted from higher subscriber acquisition costs regarding profitability: However excluding these impacts the result was broadly in line with expectations. Revenues rose 3.5...
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[2008/11/4]
Adecco: Credit Suisse maintains HOLD
Adecco reported Q3 2008 results in line with expectations. Despite tough market conditions, the group published Q3 2008 figures in line with market expectations. Sales declined 6% to EUR 5.1 bn. While sales declined only 2% in Fra...
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[2008/11/4]
Clariant Improves Operating Margin
Muttenz, November 4, 2008 – Clariant, a world leader in specialty chemicals, today announced a 5% increase in sales in local currency. Sales in CHF declined 2% due to adverse currency effects and amounted to CHF 6.3 billion ...
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[2008/11/4]
Adecco revenues for Q3 2008 down 6%
Zurich, Switzerland, November 4, 2008: Adecco S.A. ("Adecco"), the worldwide leader in HR services, today announced results for the third quarter of 2008. Revenues of EUR 5.1 billion were down 4% organically compared to ...
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[2008/11/4]
Swiss Re reports a net loss of CHF 304 million for the third quarter of 2008
Swiss Re reports a net loss of CHF 304 million for the third quarter of 2008. Despite unprecedented turmoil in the global financial markets, net operating income for the first nine months of 2008 was CHF 884 million. Book value pe...
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[2008/10/30]
Lonza: Bordier confirms PLUS
Lonza has published an updated report on its Q3 2008 performance (no financial details, only trend indicators). Unsurprisingly, the operational results are holding up particularly well, even if a minor slowdown will occur in the 2...
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[2008/10/30]
Zurich Financial Services: Credit Suisse Reiterates BUY
Zurich reported that it expects USD 600 m pre-tax claims related to the hurricanes Gustav and Ike. This corresponds to an aftertax EPS impact of approximately CHF 3.50 and is about 1.6% of the group combined ratio, within the cata...
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[2008/10/30]
Geberit: Credit Suisse Confirms BUY
Geberit reported 9M sales of CHF 1960 m (+1.5% YoY) slightly above consensus. EBITDA, on the other hand, improved again sharply by 7.2% YoY to CHF 554 m beating consensus by 3% and leading to an improved margin. Net Income rose by...
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[2008/10/29]
Schindler: Credit Suisse Cuts Target Price
Schindler released in-line nine month results. Only sales came in slightly below expectations at CHF 10.2 bn (+3% YoY, +7.3% in LC). EBIT increased by 11.3% to CHF 662 m, resulting in a margin of 6.5%, a 50 bp improvement compared...
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