Conzzeta: Revenue lower in Q3 - orders at previous year's level
October 16, 2019 at 01:05 am EDT
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EQS Group-Ad-hoc: Conzzeta / Key word(s): 9 Month figures
Conzzeta: Revenue lower in Q3 - orders at previous year's level
16-Oct-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 Q3 2019 Revenue lower in Q3 - orders at previous year's level
Zurich, October 16, 2019 - The Conzzeta Group posted net revenue of CHF 1,136.5 million for the first nine months of 2019. On a comparable basis, i.e. at stable exchange rates and taking into account changes in the scope of consolidation, revenue fell by 7.0%. Order intake in the Sheet Metal Processing segment came to CHF 693.5 million, which was an 8.4% drop compared to the previous year.
CHF m
9M 2019
9M 2018
Chg. in %
Group net revenue
1,136.5
1,306.5
-13.0%
comparable1
-7.0%
Continuing operations
Sheet Metal Processing order intake
693.5
756.7
-8.4%
Net revenue
Sheet Metal Processing
662.3
735.6
-10.0%
Chemical Specialties
265.4
294.9
-10.0%
Outdoor
186.7
183.2
1.9%
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
For the 3rd quarter, order intake in the Sheet Metal Processing segment was at CHF 242.9 million, 0.4% above the same period of the previous year. The lower order volume in America was offset by greater activity in Europe and Asia. Net revenue from continuing operations was in all regions and segments below previous year's quarter. The decrease mainly reflects the again more challenging market environment with the general economic slowdown and accentuated adverse exchange rate fluctuations. For the full year 2019 Conzzeta continues to expect net revenue from continuing operations slightly below the previous year, with a broader-based operating result across all segments and a slightly improved EBIT margin.
Inquiries
Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49; media@conzzeta.com
About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for innovation, market orientation and an entrepreneurial approach. 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 work in the Sheet Metal Processing, Foam Materials, Graphic Coatings and Outdoor segments. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=VIHXAFCUWF 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:
info@conzzeta.com
Internet:
www.conzzeta.com
ISIN:
CH0244017502
Valor:
A117LR
Listed:
Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange
Bystronic AG, formerly Conzzeta AG, is a diversified Switzerland-based holding company engaged in industrial, as well as consumer products sectors. The Companyâs activities are structured into three main segments: the Sheet Metal Processing segment (Bystronic) offers solutions for the processing of sheet metal and other sheet materials; the Chemical Specialties segment develops, manufactures and processes special foam materials (FoamPartner) and provides overprint varnishes and laminating adhesives for the graphical and packaging industries (Schmid Rhyner), and the Sporting Goods segment (Mammut) develops and markets climbing, mountaineering, hiking, mountain training and winter sports equipment.
BYSTRONIC AG 
