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Austria: Loss in Profits for Zumtobel
Zumtobel AG 1st Quarter Report (May – July 2013): Zumtobel Group reports substantial improvement in operating earnings.
Austria: Loss in Profits for Zumtobel / Picture: © Zumtobel Lighting GmbH
- Dynamic growth with LED products continues (+49.7%)
- First-quarter revenues 4.4% down at EUR 309.3 million (prior year: EUR 323.4 million)
- Adjusted EBIT rises 40.7% to EUR 17.7 million (prior year: EUR 12.6 million)
- Adjusted EBIT margin improves to 5.7% (prior year: 3.9%)
- Exit from magnetics business leads to negative special effects of EUR 6.9…
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