ZURICH, March 7 The Swiss blue-chip SMI
was seen opening 0.2 percent higher at 8,677 points on Tuesday,
according to premarket indications by bank Julius Baer
The following are some of the main factors expected to
affect Swiss stocks:
LINDT & SPRUENGLI
The Swiss chocolate maker increased its dividend and said it
expected organic sales to again grow around 6 percent this year
after a lower tax rate helped boost its net profit in 2016.
Shares were seen opening down 1.4 percent.
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* UBS is pushing to settle a French tax fraud
investigation for less than 300 million euros, Bloomberg
reported, citing people familiar with the matter.
* Chobani Hires Nestle's Tim Brown as chief
operating officer, the Wall Street Journal reported.
* Logitech International reaffirmed its 2017
outlook of 12-13 percent retail sales growth in constant
currency and $225-$230 million in non-GAAP operating income. It
also announced a $250 million share buyback programme as part of
a three-year capital allocation framework.
* Actelion said the European Commission has granted
marketing authorization for the use of Ledaga (chlormethine gel)
for the treatment of mycosis fungoides-type cutaneous T-cell
* VP Bank reported net income of 58 million framcs
for the 2016 financial year. It will propose a dividend of 4.50
francs per registered share A and 0.45 francs per registered
* Santhera posted a net loss for 2016 of 35.4
* Bucher Industries said profit 2016 amounted to
118 million franc and that it will propose a dividend of 5.00
francs. The group is expecting the current year to show a slight
increase in sales and an improved operating profit margin.
* Forbo Holding said full-year group operating
profit (EBIT) rose 10.1 percent to 157.2 million francs and that
it will propose an increased dividend of 19 francs.
* Goldbach Group AG said full-year EBITDA rose 15.6
percent to 32.5 million francs. For 2017, the company
anticipates organic sales growth in low single-digit percentage
range along with a rise in EBITDA in mid single-digit percentage
* Switzerland's SIX and easybank announced that SIX will
sell its Commercial Issuing business in Austria together with
the Issuing Support for Austrian banks to easybank.
* Geoffery Merszei was nominated as a new independent member
of Oerlikon's board of directors.
* ALSO and Media Markt said they are expanding
their cooperation in Switzerland, with ALSO taking over Media
Markt's main warehouse in the middle of 2017 to service its
retail stores across the country.
* J. Safra Sarasin Group said its local entity in
Germany will no longer offer private banking services in the
future due to the lack of critical mass, representing less than
1 percent of the Group's assets under management.
* PSP Swiss Property said its net profit fell to
134.9 million francs from 187.7 million francs a year earlier.
* The Swiss Federal Treasury said on Tuesday it was
reopening its 1.25 percent bond maturing in 2026 and its 2.25
percent bond maturing in 2031 in a tender.
(Reporting by Zurich newsroom)