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Zumtobel: Earnings Doubled
The Austrian lighting company announced its results for the first nine months of 2010/11. EBIT rose by 66%.
Zumtobel: Earnings Doubled / Picture: © Zumtobel Lighting GmbH
Zumtobel reports rising sales as well as earnings: net earnings improved from € 21.3m to € 52.6m, EBIT increased from € 21.3m to € 52.6m. Sales grew by 10.2% up to € 980.9m. For 2010/11, Zumtobel expects sales beyond € 1.2bn. Sales of 2009/10 amounted to € 1.115bn. For the fourth quarter, the company expects slightly decreasing dynamics.
In the third quarter…
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