Zumtobel: Earnings Doubled

IndustrialsIndustrial Goods ♦ Published: March 8, 2011; 00:09 ♦ (Vindobona)

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…