The SNB’s decision to no longer defend appreciation of the CHF exchange rate hit Swiss equities prices especially hard because Swiss companies have a relatively small domestic market and are very international in their operations. Yet, not all are affected in the same manner, especially some smaller players.
However, a number of Swiss players have a sizable revenue-cost mismatch (such as ACTN, BOBNN, BOSN, BUCN, BCHN, COTN, CSGN, GAMH, EFGN, FIN, BAER, LISP, LONN, NOVN, PGHN, ROG, SWTQ, SOON, STMN, SYNN, UHR, VONN). Overall, one can expect that EPS 2015 will decline by about 12.8 % due to adverse business conditions.
Download the list here: FX Impact on Swiss Companies