Austria: Zumtobel Attracted Attention of FMA

Business › n.a. ♦ Published: March 6, 2013; 09:47 ♦ (Vindobona)

The sudden price slump of 6 % for shares astonishes the authorities. Profits have dropped from € 18.0m to € 9.7m.

Austria: Zumtobel Attracted Attention of FMA / Picture: © Zumtobel Lighting GmbH

Publicly traded company Zumtobel, which is producing LED-lights, has attracted the attention of the financial market authority (FMA) after announcing profit losses for the first nine months in 2012/13 on Tuesday, March 5.

The sudden decrease of value on March 4 while high revenues of 92,818 pieces – three times as high as the previous trading day ‑ were noted, make the…

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