Cluster: Archive

Central bank warns downturn could get worse

This content was published on Apr 25, 2003 Speaking on Friday at the bank’s annual general meeting, Jean-Pierre Roth warned that geopolitical and economic uncertainties were continuing to stifle growth. “The risks of a renewed worsening of the situation in Switzerland and abroad remain and are not to be underestimated,” said Roth. In a downcast assessment of the months and year ahead, Roth…

Pension funds and private equity

This content was published on Apr 25, 2003 There are many aspects to investing in private equity and just as many opinions on how quickly or not pension funds will move into the asset class; however, practitioners do agree that private equity is attractive and meets the need of finding investments with good returns, despite market volatility. There is going to be more…

Venture Incubator ready to invest

This content was published on Apr 25, 2003 Undaunted by the current slump in VC investing, and the economy in general, CEO Alain Nicod says, “It’s business as usual.” Only about a dozen venture funds are actively seeking new investments in Swiss early stage IT and related high tech sectors, such as Endeavour Advisors, SAM Private Equity, Etech, and Atila Ventures. There are…

Croissant crowns success of bakery pioneer

This content was published on Apr 25, 2003 As a young boy, his ambition was to become a baker and pastry cook. From modest beginnings and savings of SFr5,000, Hiestand built up an empire that is market leader in Switzerland within the frozen and fresh bakery sector. He owes his success to the humble croissant. Hiestand did nothing to the consistency and taste…

Profit rises at Swiss baker Hiestand

This content was published on Apr 24, 2003 Hiestand said its net income was up 140 per cent over the previous year at SFr11.6 million ($8.5 million). At a news conference in Zurich on Thursday, Hiestand said it had managed to return to the same level of profitability as in 2000 despite difficult international market conditions. Increase in group turnover slowed down in…

Profit rises at Swiss baker Hiestand

This content was published on Apr 24, 2003 Hiestand said its net profit in 2002 was up 140 per cent at SFr11.6 million ($8.5 million). Turnover was also up four per cent at SFr301.5 million. The canton Aargau-based company, which is best known in Switzerland for its croissants, has established a name for itself internationally with its frozen, ready-to-bake range of products. In…

Food exhibition serves up sensual feast

This content was published on Apr 23, 2003 “Food Design” shows that there is much more to food than flavour by exploring the links between preparation and packaging, and offering a menu to suit all tastes. None of the exhibits on display is actually edible – the “foodstuffs” are made of plastic and other materials. But from its hors d’oeuvres through to dessert,…

Skyguide faces multimillion crash claim

This content was published on Apr 23, 2003 German lawyers Michael Witti and Gerrit Wilmans are calling for around SFr150 million ($109 million) to be put into a special compensation fund. The German lawyers have threatened to take the matter to court if no settlement is reached. The legal team claims the Swiss air traffic control agency, Skyguide, is partly to blame for…

Innovation key as mouse giant roars ahead

This content was published on Apr 23, 2003 Net profit for its fiscal year rose by 32 per cent to $99 million (SFr136.32 million) on sales of $1.1 billion. At a news conference in Zurich, the company’s chairman and co-founder Daniel Borel said it “felt good” to have broken the one billion dollar revenue mark. “It took us 22 years to get there.…

Logitech increases sales and profit

This content was published on Apr 23, 2003 In a statement on Wednesday, the company said operating income for the year had risen 27 per cent to $124 million (SFr170 million). Net income totalled $99 million. Sales were up 17 per cent at $1.1 billion. The figures were slightly better than expected. Analysts had forecast operating income of $122 million and net profit…

Cluster: Archive

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Cluster: Archive

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Central bank warns downturn could get worse

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Pension funds and private equity

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Venture Incubator ready to invest

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Croissant crowns success of bakery pioneer

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Profit rises at Swiss baker Hiestand

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Profit rises at Swiss baker Hiestand

More

Food exhibition serves up sensual feast

More

Skyguide faces multimillion crash claim

More

Innovation key as mouse giant roars ahead

More

Logitech increases sales and profit

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