Profit Decrease at Zumtobel

IndustrialsIndustrial Goods ♦ Published: September 5, 2012; 16:47 ♦ (Vindobona)

In the first six months of 2012, revenues of the Austrian lighting company were down by 0.9%. Net income fell from € 13.7m to € 9m, earnings decreased by 30%.

Profit Decrease at Zumtobel / Picture: © Zumtobel Lighting GmbH

“Despite an increasingly difficult economic environment, the Zumtobel Group made a solid start to the new financial year.” Zumtobel says. In the first three months (May – July 2012) the lighting group reported consolidated revenues of € 323.4m, remaining almost at the level of the economically more favourable first quarter of the previous year (minus 0.9% against Q1 revenues in…