Brief: Conzzeta FY Group Result Up At CHF 136.8 Million

Bystronic AG

17/03/2020 06:00

March 17 (Reuters) - CONZZETA AG  CONC.S :
    * MARGIN EXPANSION AND PROPOSAL FOR DIVIDEND WITH SPECIAL
DISTRIBUTION
    * PROPOSAL FOR A DIVIDEND OF CHF 42.00, INCL. SPECIAL
DISTRIBUTION
OF CHF 24.00 (CLASS A SHARES)
    * FY NET REVENUE CHF 1,573.2 MILLION, -11.7%, OR -4.9% ON A
COMPARABLE BASIS
    * FY ADJUSTED EBIT MARGIN 8.7%, +50 BASIS POINTS WITH
IMPROVEMENT
IN ALL SEGMENTS
    * FY OPERATING RESULT (EBIT) CHF 167.2 MILLION, +13.9%
    * FY GROUP RESULT CHF 136.8 MILLION, +19.2%
    * FOR 2020, ANTICIPATES A DIFFICULT ECONOMIC DEVELOPMENT DUE
TO
CONSEQUENCES OF CORONAVIRUS EPIDEMIC AND IS TAKING APPROPRIATE
ACTIONS
    * IN CURRENT SITUATION IT IS NOT POSSIBLE TO PROVIDE A
CONCRETE
FINANCIAL OUTLOOK FOR 2020

Source text for Eikon:  ID:nEQYFKt9a 
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