Interim information as of the end of Q1 2021
Zurich, April 16, 2021 - The Conzzeta Group posted net revenue of CHF 337.8 million for the first three months of 2021. At stable exchange rates and adjusted for changes in the scope of consolidation, this corresponds to an increase of 18.0% compared to the previous year. On the same basis, order intake in the Sheet Metal Processing segment increased by 54.2%, also clearly exceeding the level of the first quarter of the pre-pandemic year 2019.
1 At constant exchange rates and adjusted for changes in the scope of consolidation.
The increase in revenue resulted in considerably higher business volumes in all business units. Operations in Europe and China and in high-margin segments improved at a disproportionately large extent.
Order intake in the Sheet Metal Processing business unit (Bystronic) increased more strongly than anticipated in all regions and most product areas. The acceleration that began in the fourth quarter of 2020 has thus continued in the current year too. In addition to certain pandemic-related catch-up effects, revenue was higher, particularly also in the specific service areas to be developed under Bystronic's "Strategy 2025".
The recovery was also evident in the FoamPartner business unit (Chemical Specialties) across all regions and segments.
The Mammut (Outdoor) business unit doubled its sales in the digital sales channels year on year. Despite the lockdowns imposed across various regions, the physical sales channels also achieved good growth in the first quarter.
The announced transformation of the Group, with the focus on Bystronic, continues to proceed according to plan. On April 1, the company announced that the sale of the FoamPartner business unit (Chemical Specialties segment) had been completed by the end of March.
If the positive business growth observed at Bystronic in the first quarter continues at a similar pace in the second quarter, the outlook for the financial year 2021 will probably be raised when the half-year results for 2021 are presented as planned on August 6.
File: 3M Update