March 17, 2020 / 6:03 AM / 14 days ago

BRIEF-Conzzeta FY Group Result Up At CHF 136.8 Million

March 17 (Reuters) - CONZZETA AG:

* MARGIN EXPANSION AND PROPOSAL FOR DIVIDEND WITH SPECIAL DISTRIBUTION

* PROPOSAL FOR A DIVIDEND OF CHF 42.00, INCL. SPECIAL DISTRIBUTION OF CHF 24.00 (CLASS A SHARES)

* FY NET REVENUE CHF 1,573.2 MILLION, -11.7%, OR -4.9% ON A COMPARABLE BASIS

* FY ADJUSTED EBIT MARGIN 8.7%, +50 BASIS POINTS WITH IMPROVEMENT IN ALL SEGMENTS

* FY GROUP RESULT CHF 136.8 MILLION, +19.2%

* FOR 2020, ANTICIPATES A DIFFICULT ECONOMIC DEVELOPMENT DUE TO CONSEQUENCES OF CORONAVIRUS EPIDEMIC AND IS TAKING APPROPRIATE ACTIONS

* IN CURRENT SITUATION IT IS NOT POSSIBLE TO PROVIDE A CONCRETE FINANCIAL OUTLOOK FOR 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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