Interim information as of the end of Q3 2018: Continued double-digit growth in all segments

Zurich, October 16, 2018 – The Conzzeta Group achieved revenue growth of 29.3% or CHF 1,306.5 million in the first nine months of 2018. At constant exchange rates and adjusted for changes in the scope of consolidation, revenue growth amounted to 14.0%. Order intake for capital goods rose by 9.7%.

 

CHF m

9M 2017

9M 2018

Chg. in %

Group

 

 

 

   Net revenue

1,010.1

1,306.5

+29.3

       comparable1

 

 

+14.0

   Order intake for capital goods

774.0

849.2

+9.7

Net revenue segments

 

 

 

   Sheet Metal Processing

600.4

735.6

+22.5

   Sporting Goods

163.0

183.2

+12.4

   Chemical Specialties

168.4

294.9

+75.1

   Glass Processing

78.8

93.1

+18.1

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

The double-digit growth in all segments remained broad-based on a regional level during the first nine months. Order intake for capital goods in the Sheet Metal Processing and Glass Processing segments most recently reflected the base effect of the very strong previous year and an increasingly mixed performance in the regions. Customers in China were more cautious due to heightened political and macroeconomic uncertainties, while order intake in the Americas continued to grow. Despite the overall more demanding operating environment, Conzzeta confirms the expectations for 2018 communicated on August 10, with revenue growth of around 20% and an EBIT margin (excluding one-off effects) at the lower end of the target mid-term range of 8% to 10%.


 

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