Slight Decrease in Profits for Zumtobel

IndustrialsIndustrial Goods ♦ Published: September 6, 2011; 09:38 ♦ (Vindobona)

The Austrian lighting company reports rising revenues in the first quarter 2011. Profits are declining.

Slight Decrease in Profits for Zumtobel / Picture: ©

The Zumtobel Group closed its books on the first quarter of the 2011/12 financial year (1 May to 31 July, 2011) with revenues of € 326.3 m. That represents an increase of 9.3% over a relatively weak first quarter of the previous year. Growth was again supported by the trend towards energy efficient lighting systems and the increased uptake of innovative LED technology. Adjusted for…