Friday, 14 March 2025 Reading time : 3 minutes

Accelleron is one of the laggards on the Swiss stock market this year. Since the beginning of 2025, the shares have lost almost 10%, while the SPI has gained 9.8%. The current weakness is rather atypical for the company, as a review of its brief stock market history shows. 

The turbocharger specialist has been listed on the Swiss stock exchange since its spin-off from ABB in October 2002. Since then, the share price has more than doubled and is currently trading at around CHF 42.00. Although this is below the previous high of CHF 51.10, the share price increase since the IPO is still an impressive 145% (total return). Accelleron has thus outperformed its former parent company ABB (+107.8%) and the SPI (+28.8%).

The annual earnings published by Accelleron yesterday (Thursday) are equally respectable. The company increased sales by 11.8% year-on-year and earned more than USD 1 billion. Profits were up 63.1% and profitability also improved. Management is confident about the current year. "We are optimistic about the positive market momentum, driven by growing demand in the marine and energy industries," the annual report says. 

However, the initial stock market reaction is muted: shares fell 1.3% on Thursday, slightly underperforming the broader market.

Barrier Reverse Convertibles on Accelleron
8.40% p.a. BRC on Accelleron, Roche, UBS
Barrier: 60%
Valor: 142 530 048

8.80% p.a. BRC on Accelleron, ABB
Barrier: 72%
Valor: 142 530 046

Indicative terms

 

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