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Conzzeta: Continued Double-Digit Growth In All Segments

ACCESSWIRE

By Conzzeta

  • Interim information as of the end of Q3 2018
  • Continued double-digit growth in all segments

ZURICH / ACCESSWIRE / 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
comparable1 +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; media@conzzeta.com

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).

SOURCE: Conzzeta

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