Ordinary Annual General Meeting 2017: All resolutions approved

Zurich, April 26, 2017 – At the ordinary Annual General Meeting of Conzzeta AG on April 25, 2017, shareholders approved with great majority all proposals submitted by the Board of Directors. In aggregate, 83.4% of the votes have been represented.

Michael Willome, Group CEO Conzzeta, commented on the 2016 business results and the outlook for 2017. Alex Waser, CEO Bystronic, presented the new image movie of DNE Laser, Shenzhen, China, which was acquired in 2016.

After the presentations, shareholders approved the dividend increase by 10%, resulting in a dividend of CHF 11 per registered share A and CHF 2.20 per registered share B. The dividend will be paid on May 2, 2017.

Shareholders reelected the members of the Board of Directors, the members of the Human Resources Committee and confirmed Ernst Bärtschi as President of the Board of Directors.

The AGM also approved the Compensation Report 2016 as well as the compensation of the Board of Directors up until the ordinary AGM 2018 and the compensation of the Group Executive Committee for the business year 2018.

The next ordinary AGM of Conzzeta AG is scheduled for April 24, 2018, in Zurich.

The following documents are available on the website of Conzzeta:

  • Invitation, including AGM agenda
  • Presentation Michael Willome, Group CEO
  • Presentation Alex Waser, CEO Bystronic
  • Image movie DNE Laser
  • Minutes (as soon as available)


 

FoamPartner: Conzzeta closes agreement to acquire Otto Bock Kunststoff

Zurich, September 1, 2017 – Conzzeta announces the closing of the agreement to acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017, Conzzeta assumed full control as per September 1, 2017, with corresponding first-time consolidation.

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Half-Year Report at June 30, 2017: Higher profit – good order intake sustained

Zurich, August 11, 2017 – In the first half of 2017, the Conzzeta Group generated net revenue of CHF 625.9 million, up 19.3% year on year, with order intake remaining strong. The operating result increased by 46.5% to CHF 38.3 million, with an EBIT margin of 5.8% (previous year: 4.8%). The Group result amounted to CHF 30.0 million, a rise of 44.0% on the previous year's level.

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FoamPartner: Conzzeta sells stake in US joint venture

Zurich, August 11, 2017 – Conzzeta announces the sale of its 51% stake in the US joint venture Woodbridge FoamPartner Company, Chattanooga (TN, USA) and the signing of a supply contract with The Woodbridge Group. This move will simplify access to the North American market for the FoamPartner business unit.

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