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Conzzeta AG (CONC.S)

CONC.S on Swiss Exchange

1,162.00CHF
21 Aug 2018
Change (% chg)

CHF22.00 (+1.93%)
Prev Close
CHF1,140.00
Open
CHF1,148.00
Day's High
CHF1,170.00
Day's Low
CHF1,148.00
Volume
1,822
Avg. Vol
2,012
52-wk High
CHF1,320.00
52-wk Low
CHF917.50

Latest Key Developments (Source: Significant Developments)

Conzzeta FY Group Result Up 52.4 Pct At CHF 97.4 Million
Tuesday, 20 Mar 2018 01:45am EDT 

March 20 (Reuters) - CONZZETA AG ::SURGE IN REVENUE AND IMPROVED PROFITABILITY - STRENGTHENED POSITION IN GROWTH MARKETS.FY NET REVENUE +22.5% (COMPARABLE^1 +14.3%) TO CHF 1,482.8 MILLION.FY EBIT +46.0% TO CHF 123.2 MILLION, EBIT MARGIN 8.2%.FY ADJUSTED EBIT +35.6%, ADJUSTED EBIT MARGIN 7.6%.FY PROPOSED DIVIDEND FOR CLASS A SHARES CHF 16.00, +45.5%.FY GROUP RESULT +52.4% TO CHF 97.4 MILLION.FURTHER IMPROVEMENTS IN REVENUE AND EARNINGS CONTRIBUTIONS ARE EXPECTED IN 2018.SEES FY 2018 REVENUE GROWTH OF MORE THAN 5%, EBIT MARGIN OF 8% TO 10%, AND RETURN ON NET OPERATING ASSETS OF MORE THAN 15%.ANTICIPATES HIGH SINGLE-DIGIT REVENUE GROWTH, A HIGHER OPERATING RESULT AND A FURTHER IMPROVED EBIT MARGIN IN 2018.  Full Article

Conzzeta Aquires TTM Laser S.p.A.
Tuesday, 20 Mar 2018 01:37am EDT 

March 20 (Reuters) - Conzzeta Ag ::EQS-NEWS: CONZZETA: BYSTRONIC ACQUIRES TTM LASER S.P.A..‍SIGNING AN AGREEMENT FOR COMPLETE ACQUISITION OF ITALIAN TECHNOLOGY COMPANY TTM LASER S.P.A​.‍TRANSACTION IS PLANNED TO BE CONCLUDED IN COMING WEEKS.​.  Full Article

Conzzeta: Schmid Rhyner Acquires ISAtec GmbH
Wednesday, 14 Mar 2018 02:00am EDT 

March 14 (Reuters) - CONZZETA AG ::CONZZETA: SCHMID RHYNER ACQUIRES ISATEC GMBH.TRANSACTION IS PLANNED TO BE CONCLUDED IN COMING WEEKS.  Full Article

Conzzeta: Michael Riedel named new CEO of FoamPartner
Tuesday, 31 Oct 2017 02:00am EDT 

Oct 31 (Reuters) - CONZZETA AG ::EQS-ADHOC: CONZZETA: MICHAEL RIEDEL NAMED NEW CEO OF FOAMPARTNER.‍WILL ASSUME POSITION ON JANUARY 1, 2018 AND WILL JOIN CONZZETA AG EXECUTIVE COMMITTEE​.  Full Article

Conzzeta: closing of Otto Bock Kunststoff acquisition
Friday, 1 Sep 2017 01:00am EDT 

Sept 1 (Reuters) - CONZZETA AG :EQS-ADHOC: CONZZETA: CLOSING OF OTTO BOCK KUNSTSTOFF ACQUISITION.  Full Article

Conzzeta sees 2017 growth above last year, improved 7.5% EBIT margin
Friday, 11 Aug 2017 01:07am EDT 

Aug 11 (Reuters) - Conzzeta Ag :Says in the first half of 2017, the conzzeta group generated net revenue of chf 625.9 million.Says the operating result increased by 46.5% to chf 38.3 million, with an ebit margin of 5.8% (previous year: 4.8%).Says group result amounted to chf 30.0 million, a rise of 44.0% on the previous year's level.Says net revenue at stable foreign exchange rates and considering changes in the scope of consolidation was 11.1% higher than in 2016.Says 2017 so far matches expectations, while sheet metal processing segment is better than expected.Says expects growth for 2017 above the previous year as well as a disproportionate increase of the operating result with an improved ebit margin of around 7.5%.  Full Article

Conzzeta: sale of stake in US joint venture
Friday, 11 Aug 2017 12:50am EDT 

Aug 11 (Reuters) - CONZZETA AG ::EQS-ADHOC: CONZZETA: SALE OF STAKE IN US JOINT VENTURE.‍SALE OF ITS 51% STAKE IN US JOINT VENTURE WOODBRIDGE FOAMPARTNER COMPANY, CHATTANOOGA​.RESTRUCTURING OF TWO JOINT VENTURES WILL REDUCE COMPLEXITY OF FOAMPARTNER'S BUSINESS IN ASIA AND NORTH AMERICA.‍ANNOUNCES SIGNING OF A SUPPLY CONTRACT WITH WOODBRIDGE GROUP​.CLOSING OF TRANSACTION PER JULY 1, 2017, TO LEAD IN H2 TO A MIDDLE SINGLE-DIGIT MILLION ONE-OFF GAIN IN CHEMICAL SPECIALTIES SEGMENT​.  Full Article

Conzzeta announces acquisition in FoamPartner business unit
Friday, 21 Jul 2017 01:00am EDT 

July 21 (Reuters) - CONZZETA AG :EQS-ADHOC: CONZZETA: ACQUISITION IN FOAMPARTNER BUSINESS UNIT.PARTIES HAVE AGREED NOT TO REVEAL PURCHASE PRICE.‍COMPLETION OF DEAL IS EXPECTED IN SECOND HALF OF 2017, SUBJECT TO REGULATORY APPROVAL​.  Full Article

Conzzeta FY group result up by 7.7 pct to CHF 63.9 million
Tuesday, 21 Mar 2017 02:00am EDT 

Conzzeta AG : FY EBIT was 84.4 million Swiss Franc ($84.58 million) with an EBIT margin of 6.9%, after 75.9 million Francs and 6.7% respectively on continued business in 2015 . FY revenue growth of 6.4% . FY group result increased by 7.7% to 63.9 million Francs . Board of directors is proposing to annual general meeting on April 25, 2017 a 10% higher dividend of 11 Francs per registered share A and 2.20 Francs per registered share B .Expects to achieve organic revenue growth in 2017 and a higher operating result with a slightly improved EBIT margin.  Full Article

BRIEF-Conzzeta H1 EBIT Up At CHF 66.3 Mln

* H1 REVENUE OF CHF 853.3 MILLION (PREVIOUS YEAR: CHF 623.5 MILLION)