Caroline's Feed
Feb 21, 2013

Straumann gloomy on European dental market prospects

ZURICH, Feb 21 (Reuters) – Straumann, the world’s
largest maker of dental implants, sees little prospect of
recovery in the European dental market this year, after profit
almost halved in 2012 hit by a one off-charge.

The Swiss company and local rival Nobel Biocare
are suffering from weak demand in their main market, Europe, as
cash-strapped customers cut back on non-essential dental
treatment.

Feb 14, 2013

ABB shares jump after cost focus helps profit beat estimates

ZURICH (Reuters) – Switzerland’s ABB Ltd (ABBN.VX: Quote, Profile, Research, Stock Buzz) beat forecasts for net profit and order intake and said business was improving in China, sending its shares to their highest in a year and a half.

The world’s biggest supplier of industrial motors and power grids, sensitive to cyclical swings in the global economy, said it would focus on cutting costs to offset near-term uncertainty about growth in Europe and the United States.

Feb 14, 2013

Actelion hikes dividend, Opsumit approval awaited

ZURICH, Feb 14 (Reuters) – Switzerland’s Actelion Ltd
has raised its dividend by a quarter, giving a
positive signal on prospects as it awaits a U.S. regulatory
decision on a new drug it hopes will cut its dependency on
mainstay Tracleer.

Europe’s largest biotech company has seen its outlook
brighten over the past year after heart and lung drug Opsumit,
its replacement treatment for top-seller Tracleer, beat
expectations in a clinical trial, giving a much-needed boost to
its drug pipeline.

Feb 6, 2013

Farm chemicals maker Syngenta sees record sales

ZURICH, Feb 6 (Reuters) – Swiss group Syngenta
forecast another year of record sales as high crop prices and
erratic weather spur farmers to use more of its pesticides,
fertilisers and advanced seeds to boost yields.

The world’s biggest farm chemicals maker said on Wednesday
it would raise its dividend by 19 percent after full-year net
profit beat expectations. But its shares fell, with several
analysts saying profits were flattered by a lower tax rate.

Feb 5, 2013

Swiss exports drop in Dec as demand from Europe wanes

ZURICH, Feb 5 (Reuters) – Swiss exports fell in December,
data showed on Tuesday, dragged down by weak demand from the
country’s top trading partner Europe.

Exports adjusted for the number of working days fell by 4.2
percent to 14.049 billion Swiss francs ($15.46 billion), the
Federal Customs Office said on Tuesday.

Jan 30, 2013

Roche flags further growth as new drugs deliver

BASEL (Reuters) – Swiss drugmaker Roche (ROG.VX: Quote, Profile, Research, Stock Buzz) forecast a rise in sales and profits this year, helped by new cancer medicines it hopes will shield it from the patent expiries ravaging many rivals.

Roche, the world’s largest maker of cancer drugs, said on Wednesday it hoped sales would grow in line with 2012, when they rose 7 percent to 45.5 billion Swiss francs ($49 billion).

Jan 24, 2013

Lonza falls short on profits outlook

ZURICH, Jan 24 (Reuters) – Swiss specialty chemicals and
life sciences group Lonza reported a better than
expected rise in profits on Thursday but dampened expectations
of another big jump this year, taking the edge off a two-month
rally in the share price.

The Basel-based firm, which also produces pharmaceutical
ingredients for drugmakers such as GlaxoSmithKline, is
now aiming for 10 percent growth in earnings before interest and
tax (EBIT) in 2013, Chief Executive Richard Ridinger told
reporters on a conference call.

Jan 23, 2013

Novartis names new chairman to deliver growth from 2014

ZURICH, Jan 23 (Reuters) – Daniel Vasella will step down
next month as chairman of Novartis after 17 years
leading the Swiss drug company which on Wednesday forecast a
return to growth in 2014.

The Basel-based company, grappling like others with a wave
of patent expiries, named Bayer healthcare head and
previous contender for the CEO role at Novartis, Joerg
Reinhardt, as its new chairman from August 1.

Jan 22, 2013

New money flows into emerging markets on the way: IIF

LONDON/ZURICH (Reuters) – Private investors are set to pour more money into emerging market countries this year as their economies grow strongly and interest rates in developed markets remain low, a global banking group said on Tuesday.

Europe’s emerging east especially is expected to benefit if the euro zone debt crisis continues to ease, after inflows to the region slowed last year, the Institute of International Finance said in a report.

Jan 18, 2013

Weaker franc brings limited cheer to Swiss exporters

ZURICH, Jan 18 (Reuters) – Swiss companies exporting to the
euro zone have received a boost from the recent sharp drop in
the Swiss franc, yet the currency’s decline needs to be bigger
and more sustained to have a significant impact.

So far the currency’s fall to a 20-month low of 1.2568
against the euro will boost Swiss corporate earnings
by just a couple of percentage points on average, some analysts
estimate.