Zumtobel Records Drastic Profit Cut

Published: June 27, 2012; 14:58 · (Vindobona)

The Austrian lighting company announced ist fourth quarters results today. Consolidated revenues were up by 4.2% at € 1,280.3m (2010/11: € 1.228.2m). Zumtobel´s Profit for the year was 68.9% below previous year at € 16.0m.

Zumtobel Records Drastic Profit Cut / Picture: © Zumtobel Lighting GmbH

As expected by analysts, Zumtobel´s results were substantially down in the fourth quarter of 2011/12. The technology shift to LEDs had a marked impact on the development of the Zumtobel Group in the 2011/12 financial year. For the Austrian lighting group this comprehensive transformation process on the one hand offers major impetus for growth but on the other calls for far more…

This article includes a total of 1162 words.

or Log In