March 7, 2019 / 5:54 AM / 4 months ago

Swiss stocks - Factors to watch on March 7

ZURICH/BERLIN, March 7 (Reuters) - The Swiss blue-chip SMI was seen opening 0.7 percent lower at 9,337 points on Thursday , according to premarket indications by bank Julius Baer.

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

LAFARGEHOLCIM

LafargeHolcim reported slightly better-than-expected full year profit, the world’s largest cement-maker said on Thursday, confirming its outlook for sales growth during 2019.

LONZA

Annual report due. The company said on Jan. 30 its core operating profit rose 14.1 percent and sales rose 9 percent in 2018. However, Lonza lowered its mid-term sales outlook on Monday.

SIKA

Sika on Thursday announced its acquisition of a Canadian maker of concrete repair systems with annual sales of 61 million Swiss francs. It expects the transaction to close in the second quarter.

SONOVA

Sonova will be cutting its workforce by about 250 employees across Britain, Germany and Canada as its readjusts local operations. It expects cost savings of around 7 million francs from the measures.

COMPANY STATEMENTS

* Partners Group is nominating former Baloise Group CEO Martin Strobel to its board, while Vice-Chairman Peter Wuffli and Charles Dallara will retire from the board.

*Schindler Holding announced the formation of a start-up created to optimise management of real estate assets.

*Ascom Holding said it gave the 2019 target of a 3 to 5 percent revenue growth and proposed a dividend of 0.45 Swiss francs ($0.4482) per share.

*Sensirion Holding posted a 2018 operating loss of 4.4 million Swiss francs.

ECONOMY

The Swiss unemployment rate fell to a non-seasonally adjusted 2.7 percent in February from 2.8 percent in the previous month, the State Secretariat for Economic Affairs said on Thursday. ($1 = 1.0041 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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