Conzzeta: Divestment of Glass Processing Segment Completed Montag, 01. April 2019 - 14:35

Conzzeta / Key word(s): Disposal/Personnel
Conzzeta: Divestment of Glass Processing Segment Completed

01-Apr-2019 / 14:35 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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Streamlining of the business portfolio
Sale of the Glass Processing segment completed

Zurich, April 1, 2019 - Conzzeta has reported that it has completed the sale
of the Glass Processing segment to the finnish Glaston Corporation, which
was announced on January 25, 2019. The change of control will take place on
April 1, 2019, with the corresponding deconsolidation. Dr. Burghard
Schneider will leave the Conzzeta Executive Committee.

According to Michael Willome, Conzzeta Group CEO: "The improvement in
operating performance in the Glass Processing segment over the last years
deserves the highest accolades. We would like to thank Dr. Burghard
Schneider, his management team and all the employees for their successful
work and wish them every success for the future."

In 2018, the Glass Processing segment contributed CHF 133.3 million or 7.5%
to Conzzeta's Group revenue. With the conclusion of the transaction,
Conzzeta expects a substantial divestment gain for the first half of 2019.

Notes
Further information can be found at www.conzzeta.com.
Annual Report online: report.conzzeta.com.

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 5,200 employees at more than 60 locations
worldwide work in the Sheet Metal Processing, Foam Materials, Graphic
Coatings, Outdoor and Glass Processing segments. Conzzeta AG is listed on
the SIX Swiss Exchange (SIX:CON).


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End of ad hoc announcement

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