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.


 

Half-Year Report at June 30, 2019: First half of 2019 with expected slowdown

  • Market-related slowdown compared with strong previous-year period
  • Net revenue CHF 770.1 million; on a comparable1 basis 5.6% below the previous year
  • EBIT CHF 90.5 million, including divestment gain of CHF 30.6 million
  • EBIT margin excluding divestment gain stable at 7.6% of total revenue
  • Earnings per share A including divestment gain at CHF 34.76, up 66.0%
  • Extraordinary AGM with proposal for a special dividend of CHF 30.00 per share A
  • More decentralized management for accelerated strategic and operational development 
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