The headwind for the Swiss economy will increase in the coming months. But companies are well prepared. This is the conclusion reached by the Economic Research Center of the ETH, Kof. She surveyed 4,500 companies from industry, construction and numerous services. The business situation got a little setback in July, sums up Kof. But the … Read more
(AWP) The order has a volume of 1 billion Swedish crowns (98 million Swiss francs), like Implenia (IMPN 21.70 +4.58%) announced in a communiqué on Friday. The contract for the connecting tunnel to the extended Högdalen metro depot comes from Region Stockholm, Förvaltning för utbyggd tunnelbana, the state-owned company responsible for Stockholm’s metro infrastructure. The … Read more
(AWP) The French-speaking Swiss biotechnology company ADC Therapeutics (ADCT 7.81 -28.68%) generated more revenue in the first three months of 2021 than in the same quarter of the previous year thanks to sales of its cancer therapy Zynlonta. The loss was also contained and the company gets a new CEO. Specifically, ADC brought in $16.5 … Read more
(AWP) Annual taxation in Switzerland rose again significantly in October. It was + 1.2% after it had been + 0.9% in September, as the Federal Statistical Office announced on Tuesday. The annual inflation of domestic goods was 0.6%, imported goods were 3.2% more expensive than in October 2020. The price trend has thus picked up … Read more
(AWP) The machine tool manufacturer Tornos (TOHN 6.40 +5.44%) made it back into profitability in the first half of 2021. The company was able to improve significantly in all markets and product groups. The production plants were working to full capacity. Tornos increased sales by 50.2% to CHF 84.4 million. Accordingly, operating profit (EBIT) was … Read more
(AWP) Swiss domestic banks proved resilient in the face of deteriorating economic conditions in 2020. In the opinion of the Swiss National Bank (SNB (SNBN 5’280.00 0%)) Most of them also survive an additional external shock. The capital buffers of the domestic banks are a decisive element in their resilience, emphasized the SNB in its … Read more
share Security that embodies a share in the capital of a stock corporation. It guarantees the owner membership rights (voting and election rights at the general assembly) and property rights (right to a share in profits, participation quota in capital increases or in the liquidation result). All articles on this technical term – Capital assets … Read more
(AWP) The real estate company Hiag (HIAG 104.50 -0.95%) returned to the black last year and wants to pay out a dividend again. The company is confident about 2021. Operationally, Hiag 2020 went well. The site developer achieved a profit of 55.2 million francs after a minus of 70.7 million in the previous year, as … Read more
Anyone who takes out a mortgage should also deal with the amortization. Should the loan be held until the end and then refinanced? Or should the debt be repaid during the contract? Repayment is usually mandatory abroad. Switzerland gives the debtor more leeway. With one exception: second mortgages. They are taken out when the legally … Read more
(AWP) The Bossard Group achieved significantly less sales in 2020 than in the previous year. The fault was not only the corona-related slump in spring, but also the strong franc to a large extent. In the fourth quarter, however, the company returned to the growth zone. Specifically, sales in 2020 fell by 7.2% to CHF … Read more