Conzzeta evaluates divestment of Glass Processing segment

Zurich, November 7, 2018 – Conzzeta evaluates divestment opportunities for the Glass Processing segment with the purpose to reduce complexity and to focus the Group’s business portfolio. The Group is in discussions with potentially interested parties.

   


 

Sustainable foams for the mobility of tomorrow

Wolfhausen, August 31, 2020 – Advanced foam solutions for headliners, interior trim and seating applications demonstrate the determination with which the company is implementing its sustainability strategy.

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FoamPartner adopts a comprehensive sustainability strategy focused on PLANET, PEOPLE & PERFORMANCE

Wolfhausen, August 25, 2020 – Guidelines for responsible thinking and acting show the way towards a sustainable future with innovative and industry leading foam solutions.

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Half-year financial statements 2020: Implementation of operating and strategic priorities

Zurich, August 7, 2020 – Conzzeta’s half-year 2020 results are strongly impacted by both, the effects of the coronavirus pandemic and the divestitures of the Glass Processing segment at the end of March 2019 and the Schmid Rhyner business unit at the end of February 2020. The disposals resulted in a loss of contributions to revenue and earnings as well as in divestment gains of CHF 30.6 million in the first half of 2019 and CHF 48.1 million in the first half of 2020. On a comparable basis, i.e. adjusted for the changes in the scope of consolidation and at constant exchange rates, the Group’s net revenue in the first half of 2020 was 16.2% below the previous year. The adverse effects of changes in the scope of consolidation amounted to CHF 38.9 million and those from currency effects to CHF 30.3 million.

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