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Tecan Group AG (TECN.S)

TECN.S on Swiss Exchange

240.60CHF
22 Mar 2019
Change (% chg)

CHF0.80 (+0.33%)
Prev Close
CHF239.80
Open
CHF238.20
Day's High
CHF242.00
Day's Low
CHF238.20
Volume
18,787
Avg. Vol
18,106
52-wk High
CHF256.00
52-wk Low
CHF179.30

Latest Key Developments (Source: Significant Developments)

Tecan To Vertically Integrate Supplier Of Key Parts
Saturday, 23 Mar 2019 

March 22 (Reuters) - Tecan Group AG ::TECAN TO VERTICALLY INTEGRATE SUPPLIER OF KEY PARTS.PURCHASE CONSIDERATION OF USD 22.5 MILLION (CHF 22.4 MILLION) WILL BE FULLY PAID IN CASH.COST BENEFITS BY INTERNALIZING SUPPLY ARE EXPECTED TO ENHANCE OPERATING PROFITABILITY BEYOND 2019.TECAN GROUP - TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EPS, IMPACT ON COMMUNICATED EBITDA MARGIN OUTLOOK FOR 2019 WILL BE SLIGHTLY POSITIVE.SALES TO THIRD PARTIES ARE ONLY EXPECTED TO GENERATE ADDITIONAL SALES IN A LOW- TO MID SINGLE-DIGIT MILLION SWISS FRANC AMOUNT IN 2019.TECAN - AGREEMENTS TO ACQUIRE SUPPLIER TO VERTICALLY INTEGRATE MANUFACTURING OF CRITICAL PRECISION-MACHINED PARTS FOR LIQUID HANDLING PUMP PORTFOLIO.  Full Article

Qiagen And Tecan To Collaborate On Streamline Preanalytical Processing Of QuantiFERON-TB Gold Plus
Friday, 8 Mar 2019 

March 8 (Reuters) - Qiagen NV ::QIAGEN AND TECAN <<>> ANNOUNCE COLLABORATION TO STREAMLINE PREANALYTICAL PROCESSING OF QUANTIFERON-TB GOLD PLUS.  Full Article

Tecan: Achim Von Leoprechting To Become CEO After Retirement Of David Martyr
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - TECAN GROUP AG ::ACHIM VON LEOPRECHTING PROMOTED TO BECOME CEO OF TECAN AFTER RETIREMENT OF DAVID MARTYR.HE WILL ASSUME CEO ROLE ON APRIL 1, 2019..  Full Article

Tecan Group FY EBITDA Up At CHF 105.3 Mln
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Tecan Group AG ::FY OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) OF CHF 105.3 MILLION (2016: CHF 89.0 MILLION).FY NET PROFIT OF CHF 66.5 MILLION (2016: CHF 54.5 MILLION); INCREASE OF 22.0%.INCREASE IN DIVIDEND PROPOSED FROM CHF 1.75 TO CHF 2.00 PER SHARE.OUTLOOK 2018: FORECAST FOR ORGANIC GROWTH IN LOCAL CURRENCIES IN MID-SINGLE-DIGIT PERCENTAGE RANGE.OUTLOOK 2018: POTENTIAL ACQUISITIONS NOT TAKEN INTO ACCOUNT.OUTLOOK 2018: FURTHER YEAR OF EBITDA MARGIN OF MORE THAN 19% OF SALES EXPECTED.FY ORDER ENTRY BY 12.1% TO CHF 564.1 MILLION (2016: CHF 503.2 MILLION).FY SALES UP 8.3% IN CHF OR 8.0% IN LOCAL CURRENCIES TO CHF 548.4 MILLION IN 2017 (2016: CHF 506.2 MILLION).  Full Article