Conzzeta: Very strong business trend in the first quarter 2018
April 13, 2018 at 01:10 am EDT
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EQS Group-Ad-hoc: Conzzeta / Key word(s): Quarterly / Interim Statement/Development of Sales
Conzzeta: Very strong business trend in the first quarter 2018
13-Apr-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.
Update on Q1 2018 Double-digit growth in all segments
Zurich, April 13, 2018 - The Conzzeta Group achieved revenue growth of 43.5% or CHF 430.6 million in the first quarter of 2018. Adjusted for changes in the scope of consolidation and at constant exchange rates, revenue growth amounted to 27.5%. Order intake for capital goods rose by 18.6%.
CHF m
3M 2017
3M 2018
Chg. in %
Group
Net revenue
300.1
430.6
+43.5
-comparable1)
300.1
382.7
+27.5
Order intake2)
232.9
276.1
+18.6
Net revenue segments
Sheet Metal Processing
158.9
224.4
+41.2
Sporting Goods
59.6
70.6
+18.4
Chemical Specialties
57.8
102.3
+77.0
Glass Processing
24.0
33.6
+40.1
1 At constant exchange rates and adjusted for changes in the scope of consolidation. 2 Capital goods, i.e. Sheet Metal Processing and Glass Processing segments.
With significant double-digit revenue growth in all segments, the Group's strong performance in the second half of 2017 continued into the first quarter of 2018 in a market environment that remained generally favorable. Net revenue growth was broad-based on a regional level, with an EBIT margin of more than 8%. A significant change in the scope of consolidation is the acquisition of Otto Bock Kunststoff in the Chemical Specialties segment at the start of September 2017. Order intake increased strongly in the US in particular. Conzzeta will publish its half-year results on August 10, 2018, providing an updated outlook for the 2018 financial year where necessary.
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 represents innovation and reliability with a long-term perspective. Conzzeta strives for leading positions in its target markets, above-average growth and long-term value creation. Over 4,700 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=FSTTNXJKEB Document title: Update on Q1 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 
