Interim information as of the end of 2019

Significant improvement in revenue in Q4

Zurich, February 5, 2020 – The Conzzeta Group posted net revenue of CHF 1,573.2 million in 2019. Based on stable exchange rates and adjusted for changes in the scope of consolidation, net revenue was 4.9% lower than the previous year. On the same basis, order intake in the Sheet Metal Processing segment slipped by 6.5% (7.3% reported).

The revenue trend was therefore in line with the guidance for 2019 as communicated by Conzzeta. The weaker performance in the third quarter was largely compensated for by strong performance in the fourth quarter. Revenue in the fourth quarter exceeded the previous year’s figure in Europe and America, but fell short of the previous year’s figure in Asia. In the same period, order intake in America and Asia was higher, but it was lower in Europe. 

CHF m

12M 2019

12M 2018

Chg. in %

Group net revenue

1,573.2

1,782.2

-11.7%

     comparable1

 

 

-4.9%

 

 

 

 

Sheet Metal Processing

 

 

 

     order intake

929.4

1,002.9

-7.3%

     Net revenue

936.0

1,013.2

-7.6%

 

 

 

 

Net revenue of discontinued operations

 

 

 

     Chemical Specialties

346.6

382.9

-9.5%

     Outdoor

268.4

253.4

5.9%

     Glass Processing

22.42

133.3

-

         

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

2  Deconsolidated as of April 1, 2019.

Conzzeta confirms its expectation of a slightly improved EBIT margin for 2019 compared to the previous year, without the capital gain from the sale of the Glass Processing segment, which was communicated with the half-yearly results for 2019. On March 17, Conzzeta will publish its annual results for 2019 as well as its guidance for 2020.


 

Conzzeta publishes AGM invitation

Zurich, March 26, 2020 – The annual general meeting of Conzzeta AG on 22 April 2020 will be held without the physical attendance of shareholders in accordance with the Federal Council Ordinance on Measures to Combat the Coronavirus.

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Annual results 2019

Zurich, March 17, 2020 – In a challenging environment, Conzzeta in 2019 was able to increase its EBIT margin by 50 basis points to 8.7%, adjusted for the capital gain of CHF 29.9 million from the sale of the Glass Processing segment. At constant exchange rates and adjusted for changes in the scope of consolidation, net revenue declined by 4.9% primarily due to market factors, while the corresponding operating result was maintained.

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Implementation of the focus strategy: Sale of Schmid Rhyner completed

Zurich, March 2, 2020 – Conzzeta has reported that it has completed the sale of Schmid Rhyner, which was announced on December 20, 2019. The business unit has been sold to the specialty chemicals group Altana, headquartered in Wesel, Germany.

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