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.


 

Bystronic Benelux to strengthen customer proximity

Bystronic Benelux BV takes over its long-standing service partner Weber Laserservice BV. The integration of Weber Laserservice will enable Bystronic to provide its customers with even more efficient service, while also strengthen its market position and boosting its second-hand machine market.

keyboard_arrow_right

Bystronic in partnership for innovation

The strategic partnership with IPG Photonics is strengthening Bystronic’s innovative capacity: Together, these two technology pioneers are developing the next generation of fiber lasers. In addition, Bystronic benefits from attractive procurement terms and can set itself apart by offering exclusive customer services.

keyboard_arrow_right

Mammut’s global responsibilities in the SARS-CoV-2 pandemic

Mammut and its business partners around the globe are facing challenging times with tough decisions due to the SARS-CoV-2 pandemic. Through its purchasing, supply chain and product teams, Mammut is in a close dialogue with its suppliers. Adrian Huber, Head of Corporate Responsibility Mammut Sports Group AG states: “We are aware of and very concerned by the critical situations, many of our suppliers but also retailers face at this very moment.“

keyboard_arrow_right