The Conzzeta Group generated further revenue and profit growth in the reporting period. Compared with 2004, net revenues for the first eight months of the year rose by 11% to CHF 704.0 mln (€470.3 mln) (previous year: CHF 633.8 mln (€423.4 mln)). On a comparable basis, i.e. adjusted for the effects of acquisitions and currency translation, the rise was 9%. The operating result (EBIT) increased by 29% to CHF 35.4 mln (€23.7 mln) (CHF 27.4 mln (€18.3 mln)). Thanks to extraordinary revenue from the sale of real estate and a higher financial result, the Group profit rose 35% to CHF 30.1 mln (€20.1 mln) (CHF 22.3 mln (€14.9 mln)).
The main contributors to the growth in revenues were Sheet Metal Processing Systems business unit (Bystronic) and Glass Processing Systems business unit (Bystronic glass). The EBIT margin showed a disproportionate increase to 4.9% thanks to the higher revenues and improved capacity loading.
The Conzzeta Group's financial base is still very sound. Cash and cash equivalents increased by CHF 7.0 mln (€4.7 mln) compared with the beginning of 2005. Current assets were up because of the higher inventories and work in hand. In the first eight months of the current year, property, plant and equipment plus software amounted to CHF 17.4 mln (€11.6 mln).
The Interim report including tables can be downloaded from the following link: http://hugin.info/100413/R/1014272/158378.pdf
Source: Hugin
