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Austria: Zumtobel Shows Profit Shrinkage and Faces Structural Measures
Group revenues fade by 1.8% to EUR 946.5 million (prior year: EUR 964.2 million) while adjusted EBIT totals EUR 29.5 million (adj. EBIT margin: 3.1%; prior year: 3.5%). Adj. EBIT is higher in Q3 than in prior year due to structural adjustment measures.
Austria: Zumtobel Shows Profit Shrinkage and Faces Structural Measures / Picture: © Zumtobel Lighting GmbH
Against the backdrop of a difficult economic environment that deteriorated further during the third quarter, the Zumtobel Group posted a 1.8% downturn in nine-month revenues in the 2012/13 financial year. Group revenues totalled EUR 946.5 million (prior year: EUR 964.2 million). Revenues from the sale of innovative LED products at the lighting group showed further strong growth, moving…
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