AGP Executive Report
Last update: 10 hours agoIndustrial Results: Aebi Schmidt reported third-quarter sales of $493 million, up 4.6%, and higher adjusted earnings, despite inflationary pressure. It raised its 2026 outlook and is expanding its North American municipal business through a planned acquisition. Swiss Consumer Brands: On reported double-digit growth and a 36% rise in third-quarter profit, with sales topping CHF900 million and its gross-margin outlook higher. Banking & Regulation: Swiss banks remain highly profitable, but McKinsey says they risk falling behind larger international rivals in AI investment. FINMA’s revised anti-money-laundering rules take effect on January 1, 2027. Wealthtech: Avaloq is entering the US with Mosaic, a platform designed to connect investment data across existing systems rather than replace them. Insurance: Swiss Re’s nine-month profit rose 3% to $4.2 billion; its chief medical officer also urged insurers to invest more in prevention as mortality improvements slow. Trade & Logistics: LATAM Cargo plans 91 tonnes of weekly capacity on its new São Paulo–Geneva route, due to launch in March 2027.
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