Change to the Board of Directors of Conzzeta AG

Michael König not available for re-election

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.

In summer 2020, Michael König was elected as Chairman to the Supervisory Board of a company listed at the Deutsche Börse. The resulting obligations require Michael König to focus and to reduce the number of his current mandates.

Ernst Bärtschi, Chairman of the Board of Directors of Conzzeta AG: “The Board of Directors of Conzzeta AG regrets but understands the decision. We thank Michael König for his valuable contributions and collaboration, also in context of the ongoing strategic transformation of the Conzzeta Group, and wish him all success for his responsible role.” 

 


 

Interim information as of the end of 2020

Zurich, February 3, 2021 – The Conzzeta Group posted net revenue of CHF 1,283.5 million in 2020. At constant exchange rates and taking changes in the scope of consolidation into account, revenue was down 10.4% on the previous year. The decline for nine months had been 11.8%.

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Further step towards strategic transformation

Zurich, 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.

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Conzzeta Capital Markets Day: Bystronic to push innovation and market positions

Zurich, 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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