July 19, 2018 / 5:29 AM / a year ago

Swiss stocks - Factors to watch on July 19

ZURICH, July 19 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 8,945 points on Thursday, according to premarket indications by bank Julius Baer .

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


The Swiss-based robots and power grids maker reported better-than-expected profit on Thursday despite weak sales as the Swiss engineering company warned about “rising geopolitical uncertainties” around the world.

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The Swiss flavours and fragrances maker saw its first-half profit slip 3.4 percent as foreign currency losses in countries including Argentina dented its results.

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The Swiss drugmaker’s Tecentric immunotherapy mixed with chemotherapy reduced the risk of disease worsening or death in first-line advanced lung cancer treatment, it said on Thursday, adding it is still waiting for overall survival data to mature.

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The Swiss drugmaker said on Thursday it will pay 95 million euros ($110.49 million) to Galapagos and MorphoSys to license a prospective medicine targeting the skin condition atopic dermatitis, as it strengthens its foothold in immunology.


* Leonteq said its first-half profit jumped to 40.1 million francs, after 1.2 million in the year-earlier period.

* Novartis - The U.S. Food and Drugs Administration has approved Novartis’s Kisqali drug in certain combinations to treat a kind of breast cancer.

* Temenos reported a 20 percent increase in operating profit to $56.6 million.

* Bellevue Group reported net profit of around 11.5 million Swiss francs for the first half of 2018, the company said on Wednesday.

* Meyer Burger said net sales in the first half of 2018 rose 9 percent to 232 million Swiss francs, according to preliminary calculations. Operating profit more than quadrupled to 28 million francs, and the company expects a profit of up to 8 million francs.

* Dorma Kaba Holding said preliminary first half sales numbers rose 13 percent to 2.84 billion francs, with EBITDA rising around 10 percent to more than 400 million francs.

* Bobst Group said it expects first-half sales of 763 million Swiss francs.

* Basilea Pharmaceutica said it got a 2 million franc payment from partner Grupo Biotoscana after the first Cresemba approval in Latin America

* Bank Cler said first-half operating income stagnated at 123.5 million Swiss francs


* The Swiss trade surplus narrowed to 2.591 bln sfr in June

Reporting by Zurich newsroom

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