Brief: Conzzeta H1 Result At CHF 46.6 Mln

Bystronic AG

07/08/2020 05:48

Aug 7 (Reuters) - CONZZETA AG  CONC.S :
    * IMPLEMENTATION OF OPERATING AND STRATEGIC PRIORITIES IN
THE
CHALLENGING PANDEMIC ENVIRONMENT
    * H1 NET REVENUE CHF 576.2 MILLION, -16.2%^1)
    * H1 OPERATING RESULT (EBIT) CHF 49.9 MILLION, INCL. CHF
48.1
MILLION DIVESTMENT GAIN
    * H1 GROUP RESULT CHF 46.6 MILLION AND EARNINGS PER CLASS A
SHARE
CHF 21.96
    * IS EXPECTING A PROGRESSIVE RECOVERY OF BUSINESS ACTIVITIES
IN
SECOND HALF OF YEAR DESPITE CONTINUED UNCERTAINTIES
    * CONFIRMS ITS EXPECTATION FOR 2020 FINANCIAL YEAR OF AN
OPERATING
RESULT (INCLUDING GAIN ON SALE OF SCHMID RHYNER) IN
MID-DOUBLE-DIGIT CHF MILLION RANGE, WITH SUBSTANTIALLY LOWER NET
REVENUE COMPARED TO PREVIOUS YEAR

Source text for Eikon:  ID:nEQ1txdCfa 
Further company coverage:  CONC.S 

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