AI Terminal
Bystronic AG
Earnings Release • Oct 16, 2018
848_rns_2018-10-16_27426722-2ae5-4752-8f35-f8415d05c5e9.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 16 October 2018 07:00
Conzzeta: Continued double-digit growth in all segments
Conzzeta / Key word(s): 9-month figures
16-Oct-2018 / 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 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 |
| comparable 1 | +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%.
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, reliability and a long-term perspective. 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 dedicated to offering customers innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings 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=NASVSNEBSK
Document title: 9M Trading Update
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 |