Zurich, October 6, 2006 - The Conzzeta Group achieved a marked improvement in revenues and profit in the first eight months of the current year. Compared with the corresponding period of 2005, revenues were up by 12% to CHF 791.5 million (previous year: CHF 704.0 million). Adjusted for the effects of acquisitions, divestment of business activities and currency translation, net revenues increased by approximately 15%. All business units contributed to this pleasing growth. Thanks to the proportionately greater increase in the operating result (EBIT), which reached CHF 52.8 million (CHF 35.4 million), and to extraordinary income from the sale of business activities, Group profit rose from CHF 30.1 million to CHF 48.9 million.
The gratifying revenue growth resulted from a sustained upswing in the relevant markets, the introduction of new products, and geographic expansion of market presence. The consequent increase in capacity utilization and measures to improve efficiency brought a welcome improvement in profitability: the EBIT margin increased from 4.9% to 6.4% compared with the same period a year ago.
The financial fundamentals of the Conzzeta Group continue to be very solid. The equity ratio stands at around 71%. The rise in current assets is attributable to increased inventories and work in progress.
For further information please contact:
Fabio Sorgesa, Conzzeta Holding Phone +41 44 468 24 72 Mobile +41 79 440 46 36
The news release including tables can be downloaded from the following link:
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