Conzzeta Group: Slight increase in revenues and stable result

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this Zurich, October 13, 2008. - During the first eight months of the current year, the Conzzeta Group's businesses performed at the same level as in the previous year. Consolidated net revenues increased by 3.1% to CHF 985.3 (955.6) million. After adjustment for currency translation effects, revenue growth amounted to 7.7%. The operating profit (EBIT) was CHF 73.6 (74.7) million, slightly lower than for the corresponding period of 2007. Revenues and earnings were affected by the unfavorable currency situation. On the basis of the current order situation, it is possible that the present revenue trend will be maintained up to the end of 2008. The operating result in 2008 will be slightly lower than in 2007... [read full story]                    

Add Comment
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organisations, related topics, regions and companies