It seems that Swiss companies can hardly wait to share their annual figures.
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The typical Swiss firm needs just 52 days – making it much faster than its European counterparts, who take 73 days on average.
That’s according to a study released on Wednesday by software provider ifb and consulting network BPM. Worldwide, the economic crisis drove businesses to offer a prompt look into their ledgers.
In 2009, the fastest Swiss firm was SGS, an inspection and certification company in Geneva; it published its consolidated annual report in just 15 days.
Logitech, the Morges-based computer mouse maker, got its numbers out in 22 days.
Meanwhile, Basel pharmaceutical concern Novartis released its figures after 26 days.
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Novartis Q1 profit up 49 per cent
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The Swiss pharmaceutical giant reported a net profit of $1.98 billion in the same quarter a year ago. Sales rose 25 per cent to $12.13 billion in the January-March period from $9.71 billion the previous year. The results reported on Tuesday beat analysts’ expectations for a net profit of some $2.49 billion. swissinfo.ch and agencies
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Official figures showed spending in Switzerland reached SFr12 billion ($11.24 billion) in 2008, up 24 per cent on the boom year of 2004. Swiss firms also spent SFr15.8 billion abroad, up 64 per cent in the same period. Measured as a percentage of total economic output, or gross domestic product, Switzerland stands sixth in the…
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But rather than bet on its Swiss origins, the firm would bank on its international character. “Americans think Logitech is American, and the Chinese think it’s Chinese,” is how the company’s director for Switzerland, Sandro Isteri, sums it up. The company, created in a village called Apples in 1981, tends to try to blend in…
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Switzerland exports products all over the world. We take you on a quick journey around the planet to uncover Swiss Made advertising.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.