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Conzzeta: Annual results 2020 - lower revenue and result due to pandemic - consistent strategy implementation

-11.2%
-
1 At stable exchange rates and in the Chemical Specialties segment adjusted for the change in the scope of consolidation.
2 2020 excluding divestment gain of CHF 47.4 million from the disposal of the Schmid Rhyner business unit.
The Sheet Metal Processing segment (Bystronic) generated net revenue of CHF 801.4 million in 2020 (previous year: CHF 936.0 million). At stable exchange rates, revenue declined by 9.4%. Order intake was CHF 777.4 million (CHF 929.4 million), 11.4% lower than the previous year on the same basis, and the order book level at year-end was CHF 206.8 million (CHF 242.3 million). The operating result amounted to CHF 52.3 million (CHF 121.1 million) with an EBIT margin of 6.6% (12.9%). Following an already weaker trend in the sheet metal processing market in 2019, customer demand collapsed in the first half of the year due to the pandemic and the widespread lockdowns. On the production side, there were certain supply bottlenecks and the te ....

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EQS-Adhoc : Conzzeta: Annual results 2020 - lower revenue and result due to pandemic - consistent strategy implementation

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EQS Group-Ad-hoc: Conzzeta / Key word(s): Annual Results/Dividend
Conzzeta: Annual results 2020 - lower revenue and result due to pandemic - consistent strategy implementation
16-March-2021 / 06:27 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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Annual results 2020
Lower revenue and result due to the pandemic - consistent strategy implementation
- Net revenue CHF 1,283.5 million, -10.4%^1; net revenue H2 CHF 707.4 million, -4.7%^1
- Operating result (EBIT) CHF 79.7 million, incl. CHF 47.4 million divestment gain
- Group result CHF 66.9 million and earnings per share CHF 31.46
- On the finishing stretch with the strategic transformation and the focusing on Bystronic ....

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