Zumtobel: Weaker Results Ahead
Published: June 26, 2012; 16:24 · (Vindobona)
The Austrian lighting company will present ist fourth quarter results of 2011/12 tomorrow. Zumtobel´s net income is anticipated to decrease substantially.
Zumtobel: Weaker Results Ahead / Picture: © Zumtobel Lighting GmbH
On average, analysts of Berenberg Bank, Erste Group, HSBC and RCB (Raiffeisen Central Bank) expect a rise in revenues by 4.25% to € 1.28bn. However, Zumtobel´s net income is expected to fall by two thirds below the reference period of 2010/11.
In the fourth quarter of 2010/11, Zumtobel´s net income totalled € 51.0m. This year, the figure is forecasted to fall down to €…
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