The Local Switzerland

Profits of Swiss bank UBS exceed expectations

Fri, 28 Jul 2017 10:40:26 +0200

Swiss banking giant UBS on Friday posted higher profits for the second quarter as improved investor confidence led to growth in its wealth management units.

Swiss pharma Novartis sees drop in profits

Tue, 18 Jul 2017 13:30:19 +0200

Swiss drugmaker Novartis on Tuesday posted a drop in first half profits amid fierce competition for generic medicines and pricing pressures but said it was set to reach annual targets.

Profits boost makes 2016 'a very good year' for Swiss insurer

Thu, 09 Feb 2017 18:17:09 +0100

Zurich Insurance said on Thursday its profits rose 74 percent in 2016, thanks to fewer claims and progress in its restructuring drive.

Swatch optimistic despite sharp drop in profits

Thu, 02 Feb 2017 11:29:13 +0100

Swatch group profits were nearly halved last year as global watch market weakness took its toll, the Swiss company reported on Thursday, but predicted "healthy growth" ahead.

Cost-cutting Credit Suisse makes surprise profit

Fri, 04 Nov 2016 09:35:13 +0100

Credit Suisse, Switzerland's second-biggest bank, said on Thursday it defied market expectations by posting a profit amid a vast cost cutting programme.

Swiss firm takes hit despite Brexit boost

Wed, 14 Sep 2016 16:10:21 +0200

Swiss luxury goods giant Richemont, which owns top global brands like Cartier, warned on Wednesday that weak demand and restructuring costs would slash first-half profits despite a boost in UK sales from Brexit.

Swiss bank bounces back from losses

Fri, 29 Jul 2016 10:15:04 +0200

Credit Suisse bounced back into profit in the second quarter of 2016, earning 170 million Swiss francs ($172 million, 156 million euros), as it reported making progress on a major restructuring programme.

Credit Suisse suffers first quarter losses

Tue, 10 May 2016 10:44:15 +0200

Plunging client activity and difficult market conditions sent Credit Suisse into a net loss of 302 million Swiss francs (273 million euros, $311 million) in the first quarter, the bank said on Tuesday.

Chinese disaster slashes Zurich Insurance profits

Thu, 05 Nov 2015 14:32:33 +0100

Zurich Insurance on Thursday said third-quarter profits fell 79 percent, after the company was hit with $275 million (€254 million) in losses following the industrial disaster in Tianjin, China.

Credit Suisse reports reduced profits for 2012

Thu, 07 Feb 2013 10:12:00 +0100

Credit Suisse's net profit for 2012 fell 24 percent to 1.4 billion francs ($1.5 billion) from the previous year despite a return to profit for its investment bank unit.

Axpo to axe 140 staff as profits slump

Mon, 23 Jan 2012 12:08:00 +0100

Top Swiss energy company Axpo Group has reported a significant decline in profits in the last financial year, resulting in a dramatic need to restructure.

Strong franc dampens Nestlé profits

Wed, 10 Aug 2011 18:24:01 +0200

The world's biggest food company Nestle posted Wednesday a 13.7 percent fall in first half net profit to 4.7 billion francs (€4.5 billion), hurt by the strong Swiss franc against most major currencies.

Adecco sees profits jump

Wed, 10 Aug 2011 18:32:50 +0200

The world's biggest temporary staffing group Adecco said Wednesday that its second quarter net profit soared 45 percent to €141 million, thanks to strong demand in the industrial segment.

Swiss Re profits up 18 percent

Thu, 04 Aug 2011 16:45:00 +0200

Reinsurance giant Swiss Re posted an 18 percent jump in second quarter net profit to $960 million Thursday and said it expected even better results through 2012 after cutting its exposure to weak governments' debt.