Q4 results above expectation – Guidance for 2025 also ahead of AV and consensus

Swatch (Luxury, Add, CHF8bn mkt cap, 17% upside) Another massive miss in 2024

Very strong Q4 results beating expectations on all lines.

FY sales down but slightly better than expected

A new drug looks promising in the weight loss sector

Burberry Outperforms Expectations in Q3 Amid Strategic Turnaround Efforts