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Traditional brand mammoth could be sold abroad

Conzzeta bends the spirit of the times, and sold all lines of business. With the future focus on sheet metal processing division, Bystronic, one of the last to disappear at the local stock exchange, companies listed on the mixing. The Outdoor division, mammoth could go abroad.

The announcement of Conzzeta from Monday is similar to a Bang. The areas of Outdoor brand Mammut and chemical specialties to be sold and the focus in future entirely on the business with machines for sheet metal machining, according to the world, rich in tradition, the Zurich-based company.

The strong market position in the global sheet metal processing should be developed with a focused growth strategy accelerated, it was said to the grounds. "After an in-depth analysis of the Situation will have come to the conclusion that Bystronic as a profitable high-tech is well-positioned company well and have great Potential," said Chairman of the Board Ernst Bärtschi to the news Agency AWP. "The areas of mammoth and chemical specialties have, however, only in Europe via a strong market position for growth in the Americas or in Asia, the critical mass," said Bärtschi, however, is missing.

focus on the largest and most profitable division

Bystronic 2018 achieved with a share of 57 percent in net sales, up 90 per cent of the operating profit of the group. Specifically, the division achieved sales of just over 1 billion Swiss francs and an operating profit of 132 million. The division focuses on the Automation and Integration of the Material and data flow in the process chain of Cutting and Bending of sheet metal processing. To the Portfolio such as laser cutting systems, press brakes, automation and software solutions.

The move comes as a surprise, but not entirely surprising. With the sale of the automation business, the spin-off of its real estate portfolio, as well as the sale of the glass processing, the Portfolio was purged in the years ago. Conzzeta sees the focus as the "next logical step" towards a technology-oriented industrial companies.

The breadth of Conzzeta was for different investors a reason to avoid the shares, because they prefer a focused business model. A shareholders ' agreement, related to the main owners of the family Auer, Schmidheiny, Spoerry, Byland, and further justified the strategy originally with the intention of after a balancing of the different economic cycles. "That's not true anymore," said Bärtschi. "However, there is within the division of Bystronic by the Expansion of the service business sufficient compensation elements."

buyer is looking for Conzzeta so for the foam business (FoamPartner), and the business with the graphic coatings (Schmid Rhyner) as well as for the Outdoor division of the Mammut brand. For the latter, Conzzeta 2016 has begun a five-year-scale restructuring program, which the business is back in the profit zone was brought. The geographical focus was placed on the affluent Asian and North American markets.

mammoth could abroad

Apparently, the insight is not matured, that Mammut has enough marketing power to establish itself in these markets. Mammut achieved in 2018, with nearly 900 employees and a turnover of 250 million Swiss francs. Conzzeta is now looking for an owner with the requirements, "to realise the Potential of mammoth in the foreseeable future". This could also be a foreign company, confirmed Bärtschi in conversation with AWP.

The various divestments to go", depending on the market situation" until the end of 2020 across the stage. The expectations concerning the amount of revenue from the various sales Bärtschi did not like to speculate. The Swiss Bank, which referred to the strategic realignment as a "radical and courageous", estimates that the revenue due to the company's values to around 600 million Swiss francs, "or even something more." Since none of the Goodwill standing in the books of Conzzeta presumed to be a significant book profit.

the company intends to Use the funds on the one hand, for the Expansion of Bystronic, including acquisitions, on the other hand, the shareholders should be a part of. The purse comes with an increase of the share of around 7 per cent of applause. In the start phase, the shares have been even a second more than 15 percent above the closing price from Friday. (Dec/sda)

Created: 09.12.2019, 11:28 PM

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