Caroline's Feed
Oct 31, 2014

Lonza lowers revenue forecasts on weak water business

ZURICH, Oct 31 (Reuters) – Switzerland’s Lonza
revised down its forecast for full-year revenue growth on Friday
as bad weather weighed on the performance of its water treatment
business.

This is the second time in two years that the water
business, which makes products to sanitize swimming pools,
pulled down the company’s results following a poor 2013. Lonza
acquired the business as a part of its $1.2 billion acquisition
of Arch Chemicals in 2011

Oct 28, 2014

Novartis results top forecasts as new products gain momentum

ZURICH (Reuters) – Swiss drugmaker Novartis AG (NOVN.VX: Quote, Profile, Research, Stock Buzz) reported better-than-expected results on Tuesday, as strong sales of new products and its leukemia drug Glivec helped offset full copycat competition to its former best-selling blood pressure pill Diovan.

The Basel-based firm, in the middle of a radical portfolio revamp, is counting on products launched in the past five years to help support sales as it battles a series of patent losses on top-selling drugs.

Oct 23, 2014

Straumann lifts full-year outlook after strongest sales growth in 15 quarters

ZURICH, Oct 23 (Reuters) – Swiss dental implant maker
Straumann Holding AG raised its profit outlook on
Thursday after notching up its strongest revenue growth in 15
quarters, helped by buoyant demand in the United States, China
and Japan.

The premium dental implant market has show signs of a
turnaround in recent quarters, after the global economic
downturn encouraged consumers in developed countries to postpone
non-urgent dental treatment and trade down to cheaper brands.

Oct 22, 2014

Global growth worries take shine off ABB’s order surge

ZURICH (Reuters) – Bleaker global growth prospects are keeping Swiss engineer ABB (ABBN.VX: Quote, Profile, Research, Stock Buzz) cautious about its prospects, despite a bigger-than-expected rise in third-quarter orders and a return to profit at its troubled power systems business.

The company, which makes products such as industrial robots and power grid transformers, said on Wednesday slowing growth in Europe, the Ebola health crisis in west Africa and political tensions across the globe all risked derailing more positive trends in the U.S. and Chinese economies.

Oct 22, 2014

Roche to spend $3.2 bln on Basel site upgrade

ZURICH, Oct 22 (Reuters) – Swiss drugmaker Roche
said on Wednesday it would spend 3 billion Swiss francs ($3.2
billion) to upgrade its Basel site, a vote of confidence in its
Swiss base despite ongoing uncertainty over the country’s
immigration laws.

The company – which traces its roots in Basel to 1896 when
Fritz Hoffman-La Roche set up the business – said it would
invest in a new research and development centre, build a new
office tower and upgrade existing infrastructure and buildings.

Oct 21, 2014

Actelion lifts 2014 profit view on strong Opsumit launch

ZURICH (Reuters) – Actelion (ATLN.VX: Quote, Profile, Research, Stock Buzz) raised its 2014 earnings guidance on Tuesday for the third time this year, buoyed by a strong start to its new heart and lung drug and better-than-expected profit in the third quarter.

Europe’s biggest biotech company said on Tuesday it was encouraged by the uptake for Opsumit, its new treatment for pulmonary arterial hypertension (PAH), which won approval in the United States and Europe at the end of last year.

Oct 16, 2014

New breast cancer drugs boost sales at Roche

ZURICH (Reuters) – Swiss drugs firm Roche reported better than expected third-quarter sales on Thursday, boosted by a strong performance from its new breast cancer drugs.

The world’s largest maker of cancer drugs said group sales rose 2 percent to 11.78 billion Swiss francs ($12.5 billion), slightly ahead of the average forecast of 11.57 billion given by analysts in a Reuters poll.

Oct 14, 2014

Geberit boosts bathroom range with $1.4 billion Sanitec buy

STOCKHOLM/ZURICH (Reuters) – Switzerland’s Geberit AG (GEBN.VX: Quote, Profile, Research, Stock Buzz) said on Tuesday it would buy Nordic ceramics maker Sanitec Corp (SNTC.ST: Quote, Profile, Research, Stock Buzz) for 9.7 billion Swedish crowns ($1.4 billion) in an all-cash deal to expand its range of bathroom products.

The deal will allow Geberit to complement its installation, flushing and piping systems with Sanitec’s toilets, basins, bathtubs and bidets and extend its lead in revenues over European rivals such as Spain’s Roca and Germany’s Grohe.

Oct 14, 2014

Sonova struggles to convince investors with new hearing aids

ZURICH (Reuters) – Sonova, the world’s biggest hearing aid maker, disappointed some analysts on Tuesday with a range of new products that can connect to mobile phones — but not directly.

Shares in the Swiss company dropped almost 3 percent, as some analysts questioned whether the new products would help the firm recapture market share from rival GN Store Nord, whose Linx device allows users to stream voice and music from their iPhones without the need for an intermediary device.

Oct 6, 2014

Left wingers urge Swiss to reject immigration curbs

BERNE (Reuters) – Drastically limiting immigration in Switzerland would isolate the country by damaging its ties with the European Union, left-wing groups said on Monday, calling on voters to reject the proposal.

Swiss voters will decide in a referendum on Nov. 30 whether they want to cap immigration at just 0.2 percent of the resident population or the equivalent of 16,000 people per year.