Update on Q1 2018: Double-digit growth in all segments

Zurich, April 13, 2018 – The Conzzeta Group achieved revenue growth of 43.5% or CHF 430.6 million in the first quarter of 2018. Adjusted for changes in the scope of consolidation and at constant exchange rates, revenue growth amounted to 27.5%. Order intake for capital goods rose by 18.6%.

 

CHF m

3M 2017

3M 2018

Chg. in %

Group

 

 

 

   Net revenue

300.1

430.6

+43.5

   -comparable1)

300.1

382.7

+27.5

   Order intake2)

232.9

276.1

+18.6

Net revenue segments

 

 

 

   Sheet Metal Processing

158.9

224.4

+41.2

   Sporting Goods

59.6

70.6

+18.4

   Chemical Specialties

57.8

102.3

+77.0

   Glass Processing

24.0

33.6

+40.1

1 At constant exchange rates and adjusted for changes in the scope of consolidation.

2 Capital goods, i.e. Sheet Metal Processing and Glass Processing segments.

 

With significant double-digit revenue growth in all segments, the Group’s strong performance in the second half of 2017 continued into the first quarter of 2018 in a market environment that remained generally favorable. Net revenue growth was broad-based on a regional level, with an EBIT margin of more than 8%. A significant change in the scope of consolidation is the acquisition of Otto Bock Kunststoff in the Chemical Specialties segment at the start of September 2017. Order intake increased strongly in the US in particular. Conzzeta will publish its half-year results on August 10, 2018, providing an updated outlook for the 2018 financial year where necessary.

 

For further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone +41 44 468 24 84
media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversivied Swiss group of companies. It stands for innovation, reliability and a long-term perspective. Conzzeta strives for leading positions in its target markets, above-average growth and long-term value creation. More than 4700 employees at over 60 locations worldwide aim to be "best choice" for customers, offering innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).


 

Mammut Alpine School: expansion to Austria

Seon, April 10, 2018 - From summer 2018, outdoor enthusiasts in Austria will also be able to attend courses and tours at the Mammut Alpine School. The successful Swiss concept is expanding to Austria, offering unforgettable outdoor experiences for alpine sport fans. The new Mammut Alpine School will be led by Armin Reitner.

keyboard_arrow_right

Acquisition in the Sheet Metal Processing segment

Zurich, March 20, 2018 – Conzzeta has reported signing an agreement for the complete acquisition of the Italian technology company TTM Laser S.p.A., based in Cazzago San Martino, Brescia. TTM Laser has been operating since 2001; in 2017, its around 40 employees generated revenue of approximately EUR 14 million. The transaction is planned to be concluded in the coming weeks.

keyboard_arrow_right

Annual results 2017: Surge in revenue and improved profitability – strengthened position in growth markets

Zurich, March 20, 2018 – The Conzzeta Group achieved revenue growth of 22.5% to CHF 1,482.8 million in 2017. The operating result (EBIT) increased by 46.0% to CHF 123.2 million. This includes a one-time gain of CHF 8.8 million from the sale of the 51% stake in the US joint venture in the FoamPartner business unit on July 1, 2017. Adjusted for this special effect, the return on net operating assets (RONOA) was 19.5% compared with 15.6% in the previous year.

keyboard_arrow_right