August 9, 2018 / 4:34 AM / 4 months ago

Swiss stocks - Factors to watch on August 9

ZURICH, Aug 9 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 9,183 points on Thursday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks.

ZURICH INSURANCE

Zurich Insurance reported better-than-expected first-half earnings and said it was on track to hit its financial targets. First-half net profit rose 19 percent to $1.79 billion, beating the average analyst estimate of $1.72 billion in a Reuters poll.

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ADECCO

The staffing company reported profit slightly below expectations as revenue growth slowed. The Swiss company, which supplies temporary and permanent workers to industry and offices, said net profit during the three months to the end of June fell 11 percent to 170 million euros ($197.3 million), just missing the average of 173 million euros in a Reuters poll of analysts.

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COMPANY STATEMENTS

* Valiant Holding AG: Group profit after six months rose by 14.5 percent to CHF 59.8 million

* Partners Group Holding AG: Qtrly FFO and AFFO per unit of $0.08 and $0.06 respectively

* Orell Fuessli Holding AG: H1 earnings excluding minority interests amounted to CHF -0.2 million (CHF 3.1 million in 2017)

* Swiss Prime Site AG: H1 operating income up by 10.3% to CHF 585.3 million

* Basilea Pharmaceutica AG: starts clinical phase 3 study with antibiotic ceftobiprole in staphylococcus aureus bacteremia

* Lastminute.Com NV: H1 adjusted EBITDA increased by 8.4% to EUR 10.3m

* Schindler said it had received a one-time tax refund of 55 million Swiss francs for its net profit after settling a dispute via an arbitration procedure.

ECONOMY

Swiss unemployment rate steady in July

Reporting by Zurich newsroom

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