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Conzzeta AG (CONC.S)

CONC.S on Swiss Exchange

1,122.00CHF
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Conzzeta H1 group result slightly down at CHF 20.9 million
Friday, 12 Aug 2016 01:00am EDT 

Conzzeta AG : H1 net revenue reached 524.6 million Swiss Francs ($538.27 million)(previous year 543.7 million francs) . H1 operating result of 26.2 million francs (36.5 million francs) and EBIT margin of 4.8 percent (6.5 percent) . H1 group result of 20.9 million francs, almost stable compared with the previous year (21.2 million francs) .Expects moderate organic growth for 2016 and profitability at EBIT level comparable with 2015.  Full Article

Conzzeta: Oliver Pabst new CEO of Mammut Sports Group
Friday, 8 Jul 2016 01:00am EDT 

Conzzeta AG : Oliver Pabst new CEO of Mammut Sports Group .Oliver Pabst will take up his post on September 1, 2016 and at same time become a member of executive committee of Conzzeta AG.  Full Article

Conzzeta: Rolf G. Schmid, CEO of Mammut Sports Group, to step down
Wednesday, 25 May 2016 01:00am EDT 

Conzzeta AG : Rolf G. Schmid, CEO of Mammut Sports Group, to step down .Rolf G. Schmid to step down from the Executive Committee of Conzzeta.  Full Article

Conzzeta AG to acquire DNE Laser
Wednesday, 30 Mar 2016 01:00am EDT 

Conzzeta AG:To acquire DNE Laser, Shenzen, China.Will acquire a stake of 51 pct with long-term option to increase position.Closing of transaction is planned by mid-year 2016.  Full Article

BRIEF-Conzzeta: Michael Riedel named new CEO of FoamPartner

* EQS-ADHOC: CONZZETA: MICHAEL RIEDEL NAMED NEW CEO OF FOAMPARTNER