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Zumtobel Achieved Turnaround
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: © Vindobona.org
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…
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