Interim information as of the end of Q4 2018

Group revenue in 2018 in line with the communicated expectation

Zurich, February 6, 2019 – The Conzzeta Group achieved revenue growth in 2018 of 20.2% or CHF 1,782.2 million. Adjusted for currency translation effects and changes in the scope of consolidation, revenue growth amounted to 10.4%. Order intake for capital goods rose by 5.8%. 

 

 CHF m

12M 2017 

12M 2018 

Chg. in % 

 Group

 

 

 

 Net revenue

1,482.8 

1,782.2 

+20.2 

       comparable1

 

 

+10.4 

 Order intake for capital goods

1,067.3 

1,129.0 

+5.8 

 Net revenue segments

 

 

 

 Sheet Metal Processing

856.1 

1,013.2 

+18.3 

 Chemical Specialties

279.2 

382.9 

+37.1 

 Outdoor

228.6 

253.4 

+10.9 

 Glass Processing

119.3 

133.3 

+11.7 

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

Overall, the revenue development was in line with the expectation for 2018 as communicated by Conzzeta.  The fourth quarter reflects the base effect of the very strong previous year and an increasingly mixed performance in the segments and regions. Order intake for capital goods in the Sheet Metal Processing and Glass Processing segments was in China well below and in Europe and the US well above the prior year. The challenging business environment in the global automotive sector had a noticeably adverse effect in the Chemical Specialties segment. Conzzeta confirms the guidance of an EBIT margin (excluding one-off effects) for 2018 at the lower end of the target mid-term range of 8% to 10%. Conzzeta publishes its annual results for 2018 as well as its expectations for 2019 on March 20.


 

Annual General Meeting 2019: All motions approved

Zurich, April 16, 2019 - At the Annual General Meeting of Conzzeta AG on April 16, 2019, the shareholders approved all motions of the Board of Directors by a large majority. Taken together, 75.1% of the votes were represented.

keyboard_arrow_right

Interim information as of the end of Q1 2019: Expected slowdown compared to strong previous- year quarter

Zurich, April 15, 2019 – The Conzzeta Group posted net revenue of CHF 394.4 million over the first 3 months of 2019, 8.4% less than in the strong first quarter last year. Adjusted for currency translation effects and changes in the scope of consolidation, revenue fell by 9.1%. For continuing operations, i.e. without the Glass Processing segment divested as of March 31, 2019, revenue fell by 6.3%. Order intake in the Sheet Metal Processing segment came to CHF 222.2 million, which was a 8.0% drop compared to last year.

keyboard_arrow_right

Streamlining of the business portfolio: Sale of the Glass Processing segment completed

Zurich, April 1, 2019 – Conzzeta has reported that it has completed the sale of the Glass Processing segment to the finnish Glaston Corporation, which was announced on January 25, 2019. 

keyboard_arrow_right