Zumtobel Achieved Turnaround

IndustrialsIndustrial Goods ♦ Published: June 27, 2011; 10:50 ♦ (Vindobona)

The Austrian lighting company announced strong results. Revenues increased by 10.2%. Net profit for the year is firmly back in the black at € 51.3m.

Zumtobel Achieved Turnaround / Picture: © Zumtobel Lighting GmbH

In the 2010/11 financial year (01 May 2010 to 30 April 2011) the Zumtobel Group benefited from the improved economic conditions and posted a 10.2% increase in Group revenues, which totaled € 1,228.2m (prior year: € 1,114.6m). Along with the positive business environment, two other factors that drove the internationally active lighting group’s growth were the trend towards…