Conzzeta: Interim information as of the end of Q4 2018 Mittwoch, 06. Februar 2019 - 07:00
Group revenue in 2018 in line with the communicated expectation
Zurich, February 6, 2019 – The Conzzeta Group achieved revenue growth in 2018 of 20.2% or CHF 1,782.2 million. Adjusted for currency translation effects and changes in the scope of consolidation, revenue growth amounted to 10.4%. Order intake for capital goods rose by 5.8%.
CHF m | 12M 2017 | 12M 2018 | Chg. in % |
Group |
|
|
|
Net revenue | 1,482.8 | 1,782.2 | +20.2 |
comparable1 |
|
| +10.4 |
Order intake for capital goods | 1,067.3 | 1,129.0 | +5.8 |
Net revenue segments |
|
|
|
Sheet Metal Processing | 856.1 | 1,013.2 | +18.3 |
Chemical Specialties | 279.2 | 382.9 | +37.1 |
Outdoor | 228.6 | 253.4 | +10.9 |
Glass Processing | 119.3 | 133.3 | +11.7 |
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
Overall, the revenue development was in line with the expectation for 2018 as communicated by Conzzeta. The fourth quarter reflects the base effect of the very strong previous year and an increasingly mixed performance in the segments and regions. Order intake for capital goods in the Sheet Metal Processing and Glass Processing segments was in China well below and in Europe and the US well above the prior year. The challenging business environment in the global automotive sector had a noticeably adverse effect in the Chemical Specialties segment. Conzzeta confirms the guidance of an EBIT margin (excluding one-off effects) for 2018 at the lower end of the target mid-term range of 8% to 10%. Conzzeta publishes its annual results for 2018 as well as its expectations for 2019 on March 20.
For further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone +41 44 468 24 84
media@conzzeta.com
About Conzzeta
Conzzeta is a broadly diversivied Swiss group of companies. It stands for innovation, market orientation and a long-term perspective. Conzzeta strives for leading positions in its global target markets, above-average growth and long-term value creation. More than 5000 employees at over 60 locations worldwide aim to be "best choice" for customers, offering 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).