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%.
|
CHF m |
|
|
Change in % |
|
|
9M 2020 |
9M 2019 |
reported |
organic1) |
|
|
Group net revenue |
905.4 |
1,136.5 |
-20.3% |
-11.8% |
|
Sheet Metal Processing |
|
|
|
|
|
Order intake |
535.8 |
693.5 |
-22.7% |
-18.2% |
|
Net revenue |
566.8 |
662.3 |
-14.4% |
-9.5% |
|
Net revenue of discontinued operations |
|
|
|
|
|
Chemical Specialties |
189.42 |
265.42 |
-28.6% |
-14.8% |
|
Outdoor |
149.4 |
186.7 |
-20.0% |
-17.5% |
|
Glass Processing |
- |
22.4 |
- |
- |
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
2 Incl. Schmid Rhyner (CHF 6.9 million 2020 and CHF 38.1 million 2019).
The acceleration in customer activity compared to the pandemic-hit first half of the year confirmed the expectation communicated with the publication of the half-year results in August. In the third quarter, the Group’s net revenue was 2.7% below the previous year in organic terms, with Mammut (Outdoor segment) recording slight growth. The acceleration was evident in all regions, but was particularly pronounced in China, where order intake from Bystronic (Sheet Metal Processing segment) and revenue from FoamPartner (Chemical Specialties segment) exceeded the previous year’s levels.
The implementation of the Group’s announced strategic focus is proceeding according to plan. The date for the Capital Markets Day, where the strategy for the Bystronic core business will be presented, has been set as November 10. For the 2020 financial year, Conzzeta is still expecting an operating result (including the divestment gain on the sale of Schmid Rhyner) in the mid-double-digit CHF million range, with substantially lower net revenue compared to the previous year.
Zurich, December 9, 2020 – The Board of Directors of Conzzeta AG has taken note that Michael König will not be available for re-election at the forthcoming annual general meeting on April 21, 2021.
keyboard_arrow_rightZurich, November 10, 2020 – Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.
keyboard_arrow_rightZurich, November 10, 2020 – Ernst Baertschi, Chairman of the Board of Directors of Conzzeta, will host today’s virtual Conzzeta capital markets day. Conzzeta Group CEO Michael Willome will provide an update of the Group’s strategic transformation. Bystronic CEO Alex Waser with part of his management team will present Bystronic’s strategy.
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