Edition:
United States

Tecan Group AG (TECN.S)

TECN.S on Swiss Exchange

229.20CHF
11:31am EDT
Change (% chg)

CHF-8.40 (-3.54%)
Prev Close
CHF237.60
Open
CHF236.20
Day's High
CHF238.40
Day's Low
CHF228.80
Volume
33,558
Avg. Vol
21,711
52-wk High
CHF256.00
52-wk Low
CHF178.60

Latest Key Developments (Source: Significant Developments)

Tecan initiates succession process for board of directors
Friday, 6 Oct 2017 11:45am EDT 

Oct 6 (Reuters) - TECAN GROUP AG :TECAN INITIATES SUCCESSION PROCESS FOR THE BOARD OF DIRECTORS.‍ROLF CLASSON AND GÉRARD VAILLANT WILL NOT STAND FOR RE-ELECTION AT ORDINARY ANNUAL GENERAL MEETING ON APRIL 17, 2018​.‍LUKAS BRAUNSCHWEILER AND DANIEL R. MARSHAK WILL BE PROPOSED FOR ELECTION AS NEW MEMBERS​.‍AS SUCCESSOR OF ROLF CLASSON, LUKAS BRAUNSCHWEILER WILL BE PROPOSED FOR ELECTION AS CHAIRMAN OF BOARD OF DIRECTORS​.  Full Article

Tecan Group H1 ‍net profit up at CHF 25.7 mln
Wednesday, 16 Aug 2017 01:18am EDT 

Aug 16 (Reuters) - TECAN GROUP AG ::H1 2017: TECAN WITH SIGNIFICANT INCREASE IN ORDER ENTRY AND STRONG SALES GROWTH IN THE LIFE SCIENCES BUSINESS.H1 ‍SALES OF CHF 253.3 MILLION (H1 2016: CHF 235.3 MILLION)​.H1 ‍ORDER ENTRY OF CHF 291.2 MILLION (H1 2016: CHF 250.6 MILLION)​.H1 ‍NET PROFIT OF CHF 25.7 MILLION (H1 2016: CHF 23.5 MILLION)​.H1 ‍EBITDA OF CHF 41.3 MILLION (H1 2016: CHF 37.9 MILLION)​.‍OUTLOOK FOR FULL-YEAR 2017 CONFIRMED​.  Full Article

DiaSorin to collaborate with Tecan in platform development
Friday, 23 Jun 2017 01:27am EDT 

June 23 (Reuters) - DIASORIN SPA ::TO COLLABORATE WITH TECAN <<>> IN NEW PLATFORM DEVELOPMENT.UNDER COLLABORATION DIASORIN WILL MAKE USE OF TECAN'S FLUENT LABORATORY AUTOMATION SOLUTION AS ITS NUCLEIC ACID EXTRACTION PLATFORM.  Full Article

Tecan Group FY net profit down at CHF 54.5 million YOY
Wednesday, 15 Mar 2017 01:30am EDT 

Tecan Group AG : Full-Year net profit of 54.5 million Swiss francs ($54.00 million) below prior year due to integration costs and non-operational effects (2015: 57.1 million francs) . Unchanged dividend of 1.75 francs per share proposed . Full-Year sales are forecast to increase by at least 6 percent in local currencies in 2017 . Reported EBITDA margin expected to further expand to at least 18 percent of sales, including acquisition-related costs in a mid single-digit million Swiss franc amount in 2017 . Full-Year operating profit before depreciation and amortization (EBITDA) of 89.0 million francs (2015: 83.4 million francs) . FY sales of 506.2 million francs (2015: 440.3 million francs) .Full-Year organic growth of 8.2 percent in local currencies and 9.6 percent in Swiss francs.  Full Article

BRIEF-Tecan Group H1 Net Profit At CHF 29.2 Million

* H1 OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) OF CHF 48.1 MILLION (H1 2017: CHF 41.6 MILLION)