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Earnings Release • Feb 5, 2020
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Earnings Release
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News Details
Ad-hoc | 5 February 2020 06:45
Conzzeta: Interim information as of the end of 2019
Conzzeta / Key word(s): Miscellaneous
05-Feb-2020 / 06:45 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 2019
Significant improvement in revenue in Q4
Zurich, February 5, 2020 – The Conzzeta Group posted net revenue of CHF 1,573.2 million in 2019. Based on stable exchange rates and adjusted for changes in the scope of consolidation, net revenue was 4.9% lower than the previous year. On the same basis, order intake in the Sheet Metal Processing segment slipped by 6.5% (7.3% reported).
The revenue trend was therefore in line with the guidance for 2019 as communicated by Conzzeta. The weaker performance in the third quarter was largely compensated for by strong performance in the fourth quarter. Revenue in the fourth quarter exceeded the previous year’s figure in Europe and America, but fell short of the previous year’s figure in Asia. In the same period, order intake in America and Asia was higher, but it was lower in Europe.
| CHF m | 12M 2019 | 12M 2018 | Chg. in % |
| Group net revenue | 1,573.2 | 1,782.2 | -11.7% |
| comparable 1 | -4.9% | ||
| Sheet Metal Processing | |||
| order intake | 929.4 | 1,002.9 | -7.3% |
| Net revenue | 936.0 | 1,013.2 | -7.6% |
| Net revenue of discontinued operations | |||
| Chemical Specialties | 346.6 | 382.9 | -9.5% |
| Outdoor | 268.4 | 253.4 | 5.9% |
| Glass Processing | 22.4 2 | 133.3 | – |
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
2 Deconsolidated as of April 1, 2019.
Conzzeta confirms its expectation of a slightly improved EBIT margin for 2019 compared to the previous year, without the capital gain from the sale of the Glass Processing segment, which was communicated with the half-yearly results for 2019. On March 17, Conzzeta will publish its annual results for 2019 as well as its guidance for 2020.
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 approach. About 5,000 employees at more than 60 locations worldwide work in the Sheet Metal Processing, Foam Materials, Graphic Coatings and Outdoor segments. In December 2019, Conzzeta announced that it would be placing its strategic focus on the Sheet Metal Processing segment, and that it intended to sell all of its other activities. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=KROFODPSDL
Document title: Conzzeta_MR_ 12M 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 |
| EQS News ID: | 967367 |
| End of Announcement | EQS Group News Service |