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June 09. 2020

Business update: Impact of the coronavirus pandemic

Zurich, June 9, 2020 – In line with our first quarter 2020 interim information published on April 17, 2020, business conditions deteriorated further during the second quarter of the year, despite gradually improved business trends in China. Conzzeta continues to mitigate the adverse impact of the coronavirus pandemic to the extent possible. Amidst the challenging operating environment, the announced strategic transformation of the Group continues largely as planned.    

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April 17. 2020

Interim information as of the end of Q1 2020

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%.

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March 16. 2020

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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March 02. 2020

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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February 05. 2020

Interim information as of the end of 2019

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).

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