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EQS-Adhoc: Conzzeta: Expected acceleration in Q3

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EQS Group-Ad-hoc: Conzzeta / Key word(s): 9 Month figures
Conzzeta: Expected acceleration in Q3

16-Oct-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 September 2020
*Expected acceleration in customer activity in Q3*

Zurich, October 16, 2020 - The Conzzeta Group posted net revenue of CHF
905.4 million for the first nine months of 2020. At constant exchange rates
and taking changes in the scope of consolidation into account, revenue was
down 11.8% on the previous year. The decline for six months had been 16.2%.

CHF m *Change in %*
*9M 2020* *9M 2019* *reported* *organic1)*
*Group net revenue* 905.4 1,136.5 -20.3% -11.8%

*Sheet Metal
Processing*
Order intake 535.8 693.5 -22.7% -18.2%
Net revenue 566.8 662.3 -14.4% -9.5%

*Net revenue of
discontinued
operations*
Chemical Specialties 189.42 265.42 -28.6% -14.8%
Outdoor 149.4 186.7 -20.0% -17.5%
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 38.1 million 2019).

The acceleration in customer activity compared to the pandemic-hit first
half of the year confirmed the expectation communicated with the publication
of the half-year results in August. In the third quarter, the Group's net
revenue was 2.7% below the previous year in organic terms, with Mammut
(Outdoor segment) recording slight growth. The acceleration was evident in
all regions, but was particularly pronounced in China, where order intake
from Bystronic (Sheet Metal Processing segment) and revenue from FoamPartner
(Chemical Specialties segment) exceeded the previous year's levels.

The implementation of the Group's announced strategic focus is proceeding
according to plan. The date for the Capital Markets Day, where the strategy
for the Bystronic core business will be presented, has been set as November
10. For the 2020 financial year, Conzzeta is still expecting an operating
result (including the divestment gain on the sale of Schmid Rhyner) in the
mid-double-digit CHF million range, with substantially lower net revenue
compared to the previous year.

*Inquiries*
Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49; media@conzzeta.com

*About Conzzeta*
Conzzeta 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 (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: 1141232

End of Announcement EQS Group News Service

1141232 16-Oct-2020 CET/CEST



(END) Dow Jones Newswires

October 16, 2020 00:45 ET ( 04:45 GMT)
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