Swiss stocks - Factors to watch on March 1

Feintool International Holding AG

01/03/2022 05:52

ZURICH/BERLIN, March 1 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
    
    RUSSIA CONFLICT
    Switzerland will adopt all the sanctions that the European
Union has imposed on Russian people and companies and freeze
their assets to punish the invasion of Ukraine, the government
said in a sharp deviation from the country's traditional
neutrality.  urn:newsml:reuters.com:*:nL8N2V35WL
    
    UBS  UBSG.S  
    Swiss bank UBS will restructure its Global Family Office
(GFO) unit for very wealthy clients and fold it into a new
larger business, effective April 4, it said on Monday in an
internal memo seen by Reuters.  urn:newsml:reuters.com:*:nL8N2V37HC
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse's Private Banking Switzerland will be part of
its Swiss business from April 1 rather than of the newly created
wealth management unit, the bank said in an internal memo on
Monday, making first changes to a new structure presented in
November.  urn:newsml:reuters.com:*:nL8N2V37SQ
    
    SWISS LIFE HOLDING AG  SLHN.S 
    Swiss Life increased its full-year net profit by 20% in 2021
to 1.257 billion Swiss francs ($1.37 billion), the insurer said
on Tuesday, exceeding all mid-term financial targets set for
that year.  urn:newsml:reuters.com:*:nL8N2V40ZL
    
    
    COMPANY STATEMENTS
    * OC Oerlikon  OERL.S  reported FY net profit at 168 million
Swiss francs  ($182.93 million).  OERL.S 
    *Gurit Holding AG  GUR.S  reported FY net sales at 467.9
million Swiss francs.  GUR.S 
    *Cartier, a unit of Switzerland's Richemont SA  CFR.S , sued
Tiffany & Co on Monday, accusing its luxury rival of stealing
trade secrets concerning its high-end jewelry from an employee
it lured away in December.  CFR.S 
    * Implenia  IMPN.S  said it aimed for an EBIT above 120
million francs in 2022 after posting EBIT of 114.8 million
francs for 2021.  IMPN.S 
    * Feintool International  FTON.S  said sales rose 19.5% in
2021 to 588.1 million francs, adding it expected sales above 800
million francs for 2022.  FTON.S 
    * Bellevue Group  BBN.S  increased full-year net profit to
43.1 million francs.  BBN.S 
    * Julius Baer  BAER.S  said its 400 million franc buyback
programme announced in February would be launched on March 2.
 BAER.S 
    * Arbonia  ARBNO.S  said it expected EBITDA excluding
one-offs between 145 million - 150 million francs for 2022 after
posting a profit rise for 2021.  ARBNO.S 
    * Sig Combibloc  SIGNC.S  posted an increase in full-year
total revenue to 2.062 billion euros.  SIGNC.S 
    * Sonova  SOON.S  said it had completed its acquisition of
Alpaca Audiology.  SOON.S 
    * Intershop  ISN.S  posted an 84% rise in 2021 net profit to
144.2 million francs.  ISN.S 
    
    
    ANALYST VIEWS
    SCHINDLER HOLDING AG  SCHP.S : BERENBERG CUTS TARGET PRICE
TO CHF 240 FROM CHF 270
    
    
    ECONOMY
    Swiss February Manufacturing PMI due at 0830 GMT. Seen at
64.0

($1 = 0.9184 Swiss francs)

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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