Industrials
Sandoz launches high‑volume biosimilar drug substance plant in Slovenia
Sandoz opened a high‑tech, high‑volume biosimilar drug substance manufacturing centre in Lendava, Slovenia, employing over 300 experts and bolstering its Bio100 target of 100 biosimilars by 2040.
Calida lifts dividend and launches 2% share buyback, but analysts stay cautious
Swiss apparel group Calida announced a dividend payout increase to 40‑60% of adjusted earnings and a share repurchase of up to 2% of capital. Analysts say the moves improve returns but urge faster brand investment.
Covenant to build long-range cruise missiles in Germany
US-Israeli defense startup Covenant plans Leipzig production of its Anthem missile for European customers, targeting 5,000 units a year from 2027.
UBS identifies four European investment themes as earnings rebound gains traction
Strategists flag industrials, banks, quality leaders and Swiss mid-caps as Europe’s earnings cycle shifts from stagnation to growth, with 15% EPS growth forecast for 2026.
Volkswagen faces union backlash over 50,000-job restructuring plan
German unions threaten mass opposition to Volkswagen's proposed overhaul, which includes plant closures and layoffs, ahead of a critical supervisory board vote on Friday.
Feintool returns to profit as India expansion gains momentum
Swiss industrial components maker posts CHF 3.2 million net income in H1 2026, with EBITDA up 47% and U.S. e-motor cores production slated for November 2026.
Feintool posts H1 2026 profit rebound, shares rise 4%
Feintool International Holding AG reported a 5.6% rise in H1 sales, swung to a CHF 8.8 million EBIT and posted its first positive net result since 2023, sending the stock up about 4%.
Accelleron H1 2026 revenue rises 21%, lifts full-year outlook
Swiss turbocharger maker Accelleron Industries reported a 21% year-over-year revenue increase in H1 2026, with net income up 32% and an upgraded organic growth forecast. Shares rose 3.3% to $80.45.
nVent to buy Maverick Power for $1.75 billion in data center push
Deal expands nVent’s power infrastructure portfolio with low- and medium-voltage switchgear for data centers. Financing includes bridge loan from Bank of America.
Airbus softens return-to-office policy after union protests
Aerospace giant backs away from mandated four-day on-site work after strikes in Spain and France over teleworking terms. CEO cites need for gradual transition amid workforce feedback.
Switzerland secures gas supply option via France-Italy pipeline
Bund and gas industry arrange fallback gas access for winter 2026-27. Option covers about 10% of projected winter demand. Costs capped at low single-digit millions, shared across all gas users.
Holcim to acquire Fermacell for €840 million
Swiss cement group Holcim signed an agreement to buy European wall‑panel maker Fermacell, targeting €22 million of EBITDA synergies and an EPS boost in the first year.
Brambles FY26 profit hit by U.S. repair constraints, recovery plan outlined
Underlying profit rose 4% to $1.49 billion despite $90 million hit from U.S. repair bottlenecks, with a $25 million repair expansion plan set for FY28. Dividend maintained at 46.15 cents per share.
Heidelberg posts 13% drop in Q1 sales as Italian subsidy phase-out hits orders
German printing equipment maker Heidelberg reported a sharp decline in first-quarter net sales and adjusted EBITDA margin as demand weakened in Europe. Full-year guidance was reaffirmed despite negative free cash flow.
Vow ASA swings to Q2 2026 profit as maritime demand strengthens
Norwegian industrial group Vow ASA reported a return to profitability in Q2 2026, driven by maritime segment growth and improved margins, though liquidity pressures persisted amid delayed customer payments.
Burckhardt Compression plans up to 220 job cuts in restructuring drive
Swiss compressor maker to slash up to 150 roles in Winterthur and 70 internationally, targeting annual savings of 20 million francs by 2026.
Bank of America reshuffles Asia Pacific industrials banking leadership
Yuta Komori named chair of Asia Pacific Global Industrials Investment Banking while Meng Gao and Masashi Toda appointed co-heads in a regional restructuring.
Şişecam Reports H1 2026 Adjusted EBITDA Margin at 14% Amid Share Price Decline
Şişecam released its first-half 2026 financial slides, reporting an adjusted EBITDA margin of 14% as its stock traded lower.