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Austria: Zumtobel Shows Profit Shrinkage and Faces Structural Measures

Published: March 5, 2013; 10:38 · (Vindobona)

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…

This article includes a total of 1050 words.

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