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Conzzeta AG (0QW1.L)

LSE - LSE Delayed price. Currency in CHF
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1,264.00-12.00 (-0.94%)
At close: 4:13PM GMT
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Previous close1,276.00
Open1,260.00
Bid0.00 x 0
Ask0.00 x 0
Day's range1,256.00 - 1,274.00
52-week range1,256.00 - 1,274.00
Volume51
Avg. volumeN/A
Market cap2.611B
Beta (5Y monthly)1.08
PE ratio (TTM)20.77
EPS (TTM)60.87
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Conzzeta: Ongoing recovery in Q4 - increased result expectation for 2020

    Conzzeta / Key word(s): Quarterly / Interim Statement03-Feb-2021 / 07:00 CET/CESTRelease of an ad hoc announcement pursuant to Art. 53 KRThe issuer is solely responsible for the content of this announcement.Interim information as of the end of 2020Ongoing recovery of revenue and orders in Q4 - increased result expectation for 2020Zurich, February 3, 2021 - The Conzzeta Group posted net revenue of CHF 1,283.5 million in 2020. At constant exchange rates and taking changes in the scope of consolidation into account, revenue was down 10.4% on the previous year. The decline for nine months had been 11.8%. CHF m Change in % 12M 2020 12M 2019 reported organic1) Group net revenue 1,283.5 1,573.2 -18.4% -10.4% Sheet Metal Processing Order intake 777.4 929.4 -16.4% -11.4% Net revenue 801.4 936.0 -14.4% -9.4% Net revenue of discontinued operations Chemical Specialties 264.02 346.62 -23.8% -9.0% Outdoor 218.4 268.4 -18.6% -16.2% Glass Processing - 22.4 - - 1 At constant exchange rates and adjusted for changes in the scope of consolidation.2 Incl. Schmid Rhyner (CHF 6.9 million 2020 and CHF 49.7 million 2019).The acceleration in customer activity that was anticipated upon publication of the pandemic-hit first half-year results in August was confirmed once again in Q4. In Q4, order intake in the Bystronic business unit (Sheet Metal Processing) and net sales in the FoamPartner business unit (Chemical Specialties) were higher than in the same period of the previous year, before the outbreak of the pandemic. With broad regional support, net revenue in Q4 increased by 14.9% versus Q3 and incoming orders at Bystronic rose by 23.5%. In the Mammut business unit (Outdoor), the adverse revenue effect in Q4 caused by the new closure of physical retail locations due to the pandemic was largely offset by the continued progress in the digital channels.The announced transformation of the Group with the focus on Bystronic continues to proceed largely according to plan. The Group plans to communicate additional implementation steps when it publishes its 2020 annual financial statements at the results conference on March 16, 2021.The ongoing recovery of business activities in Q4 allows to adjust and specify the previously communicated expectation for the Group's operating result. Conzzeta now expects for 2020 an operating result (EBIT) in the range of CHF 75 million to CHF 80 million, including the final divestment gain of CHF 47.4 million from the sale of the Schmid Rhyner business unit (Chemical Specialties) as per the end of February 2020.InquiriesMichael Stäheli, Head Investor Relations & Corporate Communications;Tel. +41 44 468 24 49; media@conzzeta.comAbout ConzzetaConzzeta is a 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 sheet metal processing, foam materials and outdoor. In December 2019, Conzzeta announced a strategic focus on the Sheet Metal Processing segment and the sale of all its other activities. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).End of ad hoc announcement Language: English Company: Conzzeta Giesshübelstrasse 45 8045 Zürich Switzerland Phone: +41 44 468 24 49 Fax: +41 44 468 24 53 E-mail: info@conzzeta.com Internet: www.conzzeta.com ISIN: CH0244017502 Valor: A117LR Listed: Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange EQS News ID: 1165280 End of Announcement EQS Group News Service

  • EQS Group

    Conzzeta: Change to the Board of Directors - Michael König not available for re-election

    Conzzeta / Key word(s): Personnel09-Dec-2020 / 07:15 CET/CESTRelease of an ad hoc announcement pursuant to Art. 53 KRThe issuer is solely responsible for the content of this announcement.Change to the Board of Directors of Conzzeta AGMichael König not available for re-electionZurich, December 9, 2020 - The Board of Directors of Conzzeta AG has taken note that Michael König will not be available for re-election at the forthcoming annual general meeting on April 21, 2021.In summer 2020, Michael König was elected as Chairman to the Supervisory Board of a company listed at the Deutsche Börse. The resulting obligations require Michael König to focus and to reduce the number of his current mandates.Ernst Bärtschi, Chairman of the Board of Directors of Conzzeta AG: "The Board of Directors of Conzzeta AG regrets but understands the decision. We thank Michael König for his valuable contributions and collaboration, also in context of the ongoing strategic transformation of the Conzzeta Group, and wish him all success for his responsible role."InquiriesMichael Stäheli, Head Investor Relations & Corporate Communications;Tel. +41 44 468 24 49; media@conzzeta.comAbout ConzzetaConzzeta is a 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 and Outdoor segments. In December 2019, Conzzeta announced the strategic focus on the Sheet Metal Processing segment and the sale of all its other activities. Conzzeta AG is listed on the SIX Swiss Exchange (CON).Additional features:File: Change to the BoDEnd of ad hoc announcement Language: English Company: Conzzeta Giesshübelstrasse 45 8045 Zürich Switzerland Phone: +41 44 468 24 49 Fax: +41 44 468 24 53 E-mail: info@conzzeta.com Internet: www.conzzeta.com ISIN: CH0244017502 Valor: A117LR Listed: Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange EQS News ID: 1153772   End of Announcement EQS Group News Service

  • EQS Group

    Conzzeta: Agreement to divest FoamPartner

    Conzzeta / Key word(s): Disposal10-Nov-2020 / 07:00 CET/CESTRelease of an ad hoc announcement pursuant to Art. 53 KRThe issuer is solely responsible for the content of this announcement.Further step towards strategic transformationConzzeta reaches agreement to divest FoamPartnerZurich, November 10, 2020 - Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.As part of the Chemicals Specialties segment, FoamPartner contributed in 2019 net sales ofCHF 297 million (EUR 276 million) to Conzzeta's topline. The three market segments Mobility, Specialties and Living & Care will complement and strengthen the product ranges of Recticel. The two companies together will offer a leading range of capabilities in foam production and processing, with a strong presence in Europe and operations in Asia and North America. In 2019, Recticel generated net combined sales of EUR 1'221 million. As per mid 2020, Recticel completed two notable divestments to focus on higher value-added activities and to gain flexibility to pursue strategic development opportunities. Its strategy is to expand its position as a global supplier of sustainable, high value-added solutions in targeted markets by responding to worldwide challenges such as environmental protection, energy conservation, a growing and ageing population, and acoustic insulation.On December 9, 2019, Conzzeta had announced to focus on the Sheet Metal Processing segment (Bystronic business unit) and to divest all other activities. Earlier in 2020 it sold the Schmid Rhyner business unit. The strategic transformation of the Group is ongoing, with the strategy 2025 for Bystronic to be presented today at the virtual Capital Markets Day (see today's separate media release), as well as with the divestment process for the Outdoor segment (Mammut business unit), to be completed in the first half of 2021, subject to market conditions.According to Michael Willome, Conzzeta Group CEO: "As for our previous transactions, the divestment of FoamPartner to Recticel provides a compelling industrial logic and the best possible perspectives for the employees of FoamPartner and their customers. This is a major step towards the new focus of Conzzeta on the Bystronic business unit."According to Olivier Chapelle, Recticel Chief Executive Officer: "With the acquisition of FoamPartner we make an important step in our strategic portfolio reorientation. This transaction is a unique opportunity for Recticel and FoamPartner to expand their product offering in technical and specialty foam solutions and to further increase their global reach in Asia and North America. We look forward to welcoming our many new colleagues from FoamPartner. This acquisition will create significant value for our customers, employees and all other stakeholders."According to Michael Riedel, FoamPartner CEO: "I am proud of our whole team and our recent progress. The announcement today is good news. As part of Recticel we'll gain access to additional resources to serve our clients with even more targeted solutions to support their sustainable development and future growth."InquiriesMichael Stäheli, Head Investor Relations & Corporate Communications;Tel. +41 44 468 24 49; media@conzzeta.comAbout ConzzetaConzzeta is a 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 and Outdoor segments. In December 2019, Conzzeta announced a strategic focus on the Sheet Metal Processing segment and the sale of all its other activities. Conzzeta AG is listed on the SIX Swiss Exchange (CON).Additional features:File: Conzzeta divestment FoamPartner End of ad hoc announcement Language: English Company: Conzzeta Giesshübelstrasse 45 8045 Zürich Switzerland Phone: +41 44 468 24 49 Fax: +41 44 468 24 53 E-mail: info@conzzeta.com Internet: www.conzzeta.com ISIN: CH0244017502 Valor: A117LR Listed: Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange EQS News ID: 1146746   End of Announcement EQS Group News Service