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).
