Interim information as of the end of Q1 2020

Significant slowdown – consistent measures

Zurich, April 17, 2020 – The Conzzeta Group posted net revenue of CHF 298.4 million for the first three months of 2020. Organically it was down 14.5% on the previous year. On the same basis, order intake in the Sheet Metal Processing segment dropped by 19.8%.

The downturn in business across all regions was primarily due to disruptions in the production and sales channels caused by the coronavirus pandemic. In the Sheet Metal Processing and Chemical Specialties segments, plants had to be shut down in China, Italy, France and partly the USA, amongst other things. In the Outdoor segment, closure of the retail stores meant the loss of the main sales channel. 

 

 

 

Change in %

CHF m

3M 2020

3M 2019

reported

organic1)

Group net revenue

298.4

394.4

-24.3

-14.5

 

 

 

 

 

Sheet Metal Processing

 

 

 

 

     Order intake

169.7

222.2

-23.6

-19.8

     Net revenue

173.8

207.9

-16.4

-12.6

 

 

 

 

 

Net revenue of discontinued operations

 

 

 

 

     Chemical Specialties

73.82

93.52

-21.1

-13.7

     Outdoor

50.8

70.8

-28.2

-26.2

     Glass Processing

-

22.4

-

-

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

2 Incl. Schmid Rhyner (CHF 13.2 million 2019 and CHF 6.9 million 2020).

 

Staggered in time in the various regions, the majority of customers and employees is directly affected by the worldwide efforts to contain the pandemic. Conzzeta has introduced consistent measures to cushion the economic and social impacts, including by making use of the support mechanisms offered. The different business units are expanding their range of digital services and solutions in the current situation. With extensive liquid assets and a high equity ratio, Conzzeta is well positioned to implement important initiatives consistently and respond quickly and flexibly to future developments. From the sale of the Business Unit Schmid Rhyner as per the end of February 2020, Conzzeta expects a divestment gain of around CHF 45 million for the first half of 2020.


 

Inaugural Digital Brand Convention of MAMMUT

Seon, October 16, 2020 – Digital and open-minded as never before. At the first Digital Brand Convention next week, MAMMUT presents the new Fall/Winter 21/22 collection to a larger audience and shows how innovation, safety and responsibility as a company move the brand.

 

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Interim information as of the end of September 2020

Zurich, October 16, 2020 – The Conzzeta Group posted net revenue of CHF 905.4 million for the first nine months of 2020. At constant exchange rates and taking changes in the scope of consolidation into account, revenue was down 11.8% on the previous year. The decline for six months had been 16.2%.

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Bystronic takes full control of DNE Laser: Enhanced flexibility to deploy growth strategy

Zurich, September 30, 2020 – As part of the growth strategy for its Bystronic business unit, Conzzeta announces the signing of an equity transfer agreement to increase the participation in DNE Laser, Shenzhen, China, from 70% to 100%.

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