05.02.2020 – Conzzeta AG

Conzzeta: Interim information as of the end of 2019

Conzzeta / Key word(s): Miscellaneous
Conzzeta: Interim information as of the end of 2019

05-Feb-2020 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Interim information as of the end of 2019
Significant improvement in revenue in Q4

Zurich, February 5, 2020 - The Conzzeta Group posted net revenue of CHF
1,573.2 million in 2019. Based on stable exchange rates and adjusted for
changes in the scope of consolidation, net revenue was 4.9% lower than the
previous year. On the same basis, order intake in the Sheet Metal Processing
segment slipped by 6.5% (7.3% reported).

The revenue trend was therefore in line with the guidance for 2019 as
communicated by Conzzeta. The weaker performance in the third quarter was
largely compensated for by strong performance in the fourth quarter. Revenue
in the fourth quarter exceeded the previous year's figure in Europe and
America, but fell short of the previous year's figure in Asia. In the same
period, order intake in America and Asia was higher, but it was lower in

    CHF m                                   12M 2019  12M 2018  Chg. in %
    Group net revenue                        1,573.2   1,782.2     -11.7%
    comparable1                                                     -4.9%

    Sheet Metal Processing
    order intake                               929.4   1,002.9      -7.3%
    Net revenue                                936.0   1,013.2      -7.6%

    Net revenue of discontinued operations
    Chemical Specialties                       346.6     382.9      -9.5%
    Outdoor                                    268.4     253.4       5.9%
    Glass Processing                           22.42     133.3          -
1 At constant exchange rates and adjusted for changes in the scope of
2 Deconsolidated as of April 1, 2019.

Conzzeta confirms its expectation of a slightly improved EBIT margin for
2019 compared to the previous year, without the capital gain from the sale
of the Glass Processing segment, which was communicated with the half-yearly
results for 2019. On March 17, Conzzeta will publish its annual results for
2019 as well as its guidance for 2020.

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. About 5,000
employees at more than 60 locations worldwide work in the Sheet Metal
Processing, Foam Materials, Graphic Coatings and Outdoor segments. In
December 2019, Conzzeta announced that it would be placing its strategic
focus on the Sheet Metal Processing segment, and that it intended to sell
all of its other activities. Conzzeta AG is listed on the SIX Swiss Exchange


End of ad hoc announcement