$LAND.SW

2 stories mentioning LAND.SW

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Swiss Stocks Slump as New Development in US-Iran War Overshadows GDP Print

The Swiss Market Index started the week in the red, tumbling 1.75% on Monday's close, as reports of a new source of tensions between the US and Iran overshadowed the releases of the country's gross domestic product and retail sales.Iranian negotiators will suspend talks and the exchange of documents with their US counterparts in protest of Israeli aggression in Lebanon, Bloomberg News reported, citing a statement carried by the semi-official Tasnim news agency. The suspension follows a fresh exchange of fire between Tehran and Washington over the weekend, even as the two sides had been indirectly negotiating terms of a draft deal that would extend their ceasefire agreement by 60 days.Back home and in economic news, Switzerland's final gross domestic product, adjusted for sporting events, rose 0.4% in the first quarter, compared with the flash estimate of a 0.5% increase and the prior quarter's 0.2% rise. The State Secretariat for Economic Affairs attributed the growth to the industrial sector.Meanwhile, Swiss retail sales inched up 0.1% month over month in April, following a revised 0.3% gain in March, data from the Federal Statistical Office showed. In other economic news, the procure.ch-UBS manufacturing PMI climbed to 57.3 in May from 54.5 in April, surpassing the consensus estimate of 54.On the corporate front, Landis+Gyr Group (LAND.SW) confirmed its mid-term estimates through 2028, including a mid-single-digit revenue compound annual growth rate and adjusted EPS CAGR more than 5x the rate of revenue. The Swiss energy technology company was down 1.48%."With the introduction of our new business segments, we are well positioned to capitalize on significant growth opportunities across the evolving energy landscape. Supported by the strongest pipeline in our history and accelerating customer adoption of our technologies, we have built approximately $4 billion in backlog, providing exceptional revenue visibility and underpinning a durable, predictable growth model during this period of generational industry transformation," Chief Executive Officer Peter Mainz said in the company's Capital Markets Day 2026 release.

^SSMI$LAND.SW

Asia Markets67d ago

Swiss Blue-chip Index Closes Higher; US-Iran Ceasefire Deal Uncertainty Takes Spotlight

The Swiss Market Index staged a last-minute recovery on Thursday, ending the trading session 0.35% higher, amid growing uncertainty over the fragile two-week US-Iran ceasefire deal."We doubt that a modest further decline in energy prices alone would be enough to push [European Central Bank] pricing below 50bp. Rate cycles at the ECB are typically framed around two 25bp moves or nothing at all, meaning a material dovish shift would likely require explicit guidance rather than just lower oil prices," ING said in a note. "With no permanent ceasefire in place and uncertainty around oil flows persisting, the ECB is unlikely to rush towards a decisively dovish narrative."In the US, the annual PCE price index rose 2.8% year over year in February, unchanged from the previous month, according to data from the country's Bureau of Economic Analysis. The annual core PCE inflation rate edged down to 3% from the prior month's 3.1%.Back home and on the corporate front, Landis+Gyr Group (LAND.SW) completed the divestment of its Europe, Middle East and Africa business to Aurelius. The proceeds from the sale are intended to be returned to the Swiss energy technology group's shareholders through its ongoing share buyback program. Landis+Gyr shares closed the session 0.38% in the green.Deutsche Bank Research lowered its price target for SoftwareOne (SWON.SW) to 7.55 francs from 8.40 francs, with a hold rating on the stock, as it noted the Swiss software and cloud technology company's like-for-like growth in the fourth quarter of 2025 showing "clear" momentum toward a stronger exit rate. The stock shed 3.48% at closing."This rebound follows a weak start to 2025, with earlier Microsoft incentive headwinds now largely annualized, supported by regional stabilization and ahead-of-plan synergy realization," the research firm said. "Management targets mid-single-digit lfl revenue growth at cc and an adj. EBITDA margin above 23% for FY26, which we view as achievable due to easy comps and improved geographies. Our model forecasts 6.5% cc y/y revenue growth and 23.1% adj. EBITDA margin."

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