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Earnings Release • Feb 6, 2019
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Earnings Release
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News Details
Ad-hoc | 6 February 2019 07:00
Conzzeta with net revenue increase of 20.2% in 2018
Conzzeta / Key word(s): Development of Sales
06-Feb-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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 |
| comparable 1 | +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.
Inquiries:
Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49; [email protected]
About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for innovation, market orientation and an entrepreneurial spirit. Conzzeta strives for leading positions in its target markets, above-average growth and long-term value creation. Over 5,000 employees at more than 60 locations worldwide are committed to Sheet Metal Processing, Foam Materials, Graphic Coatings, Outdoor and Glass Processing. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=VCFHYPLTLT
Document title: Trading Update 12 months
End of ad hoc announcement
| Language: | English |
| Company: | Conzzeta |
| Giesshübelstrasse 45 | |
| 8045 Zürich | |
| Switzerland | |
| Phone: | +41 44 468 24 49 |
| Fax: | +41 44 468 24 53 |
| E-mail: | [email protected] |
| Internet: | www.conzzeta.com |
| ISIN: | CH0244017502 |
| Valor: | A117LR |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange |
| End of Announcement | EQS Group News Service |