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Conzzeta: Continued double-digit growth in all segments Dienstag, 16. Oktober 2018 - 07:01
Conzzeta / Key word(s): 9-month figures
Conzzeta: Continued double-digit growth in all segments
16-Oct-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.
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Interim information as of the end of Q3 2018
Continued double-digit growth in all segments
Zurich, 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).
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End of ad hoc announcement
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