Zurich Market Talk - 29-07-2010
29.07.10 09:43

 

Logitech: Sales for Q1 FY 2011 were $479 million, up 47 percent from $326 million in the same quarter last year. Excluding the unfavorable impact of exchange rate changes, sales increased by 50 percent. Operating income was $12 million, compared to an operating loss of $35 million in the same quarter a year ago. Net income for Q1 was $20 million ($0.11 per share) compared to a net loss one year ago of $37 million ($0.21 per share). Gross margin for Q1 FY 2011 was 35.3 percent, up from 23.9 percent in Q1 FY 2010. Link: Click Here

Compagnie Financière Tradition
reported consolidated revenue for the first half of 2010 at CHF 656.4m, compared with CHF 743.6m for the year-ago period, a decline of 11.7% at current exchange rates or 9.8% at constant rates. In the second quarter, consolidated revenue was CHF 336.8m, down 7.6% from the same quarter last year, or 6.8% at constant exchange rates. Link: Click Here

Clariant
, a world leader in specialty chemicals, today announced sales of CHF 1.894 billion in the second quarter 2010, compared to CHF 1.609 billion in the previous year. Sales increased 18% in Swiss Francs and 20% in local currency. Volumes were up 20% over an extremely weak second quarter 2009, but remained significantly below pre-crisis levels. On the back of a broad economic recovery, Clariant reported sales growth across all businesses and regions. Link: Click Here



 

 
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