Interim information as of the end of Q3 2019: Revenue lower in Q3 – orders at previous year’s level

Zurich, October 16, 2019 – The Conzzeta Group posted net revenue of CHF 1,136.5 million for the first nine months of 2019. On a comparable basis, i.e. at stable exchange rates and taking into account changes in the scope of consolidation, revenue fell by 7.0%. Order intake in the Sheet Metal Processing segment came to CHF 693.5 million, which was an 8.4% drop compared to the previous year.

CHF m

9M 2019

9M 2018

Chg. in %

Group net revenue

1,136.5

1,306.5

-13.0%

     comparable1

 

 

-7.0%

Continuing operations

 

 

 

Sheet Metal Processing order intake

693.5

756.7

-8.4%

Net revenue

 

 

 

     Sheet Metal Processing

662.3

735.6

-10.0%

     Chemical Specialties

265.4

294.9

-10.0%

     Outdoor

186.7

183.2

1.9%

         

1 At constant exchange rates and adjusted for changes in the scope of consolidation.

 

For the 3rd quarter, order intake in the Sheet Metal Processing segment was at CHF 242.9 million, 0.4% above the same period of the previous year. The lower order volume in America was offset by greater activity in Europe and Asia. Net revenue from continuing operations was in all regions and segments below previous year’s quarter. The decrease mainly reflects the again more challenging market environment with the general economic slowdown and accentuated adverse exchange rate fluctuations. For the full year 2019 Conzzeta continues to expect net revenue from continuing operations slightly below the previous year, with a broader-based operating result across all segments and a slightly improved EBIT margin.

 


 

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