July 23, 2019 / 4:32 AM / 4 months ago

Swiss stocks - Factors to watch on July 23

ZURICH/BERLIN, July 23 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,941 points on Tuesday, according to premarket indications by bank Julius Baer .

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

UBS

Switzerland's biggest bank beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.

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LINDT & SPRUENGLI

The Swiss chocolate maker on Tuesday confirmed it expects organic sales growth of 5-7% in 2019 after an improving situation in the United States supported profit and sales growth in the first half of 2019.

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LOGITECH

The maker of fast keyboards and computer mice reported better-than-expected first-quarter earnings on Tuesday, and confirmed Nate Olmstead as its chief financial officer.

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COMPANY STATEMENTS

* Cembra Money Bank said its half-year net income increased by 1% to 78.6 million Swiss francs.

* Airopack Technology Group announced that a court had approved agreements by the company and its subsidiary I.P.S. Holding with major lenders.

* Kuehne Und Nagel International reported its H1 EBITDA Up 42.9% at 869 million francs.

* Sanofi signs U.S. rights deal with Roche for flu treatment Tamiflu.

* Sika said it is expanding its mortar plant in Serbia.

* Idorsia reported a H1 U.S. GAAP net loss of 232 million Swiss francs.

* Barry Callebaut announces groundbreaking of chocolate factory in India.

* Panalpina - 88.27% of the logistics company's shares have been tendered to DSV. [PWTN.S

ECONOMY

No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk)

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