Zumtobel: Weaker Results Ahead

Businessn.a. ♦ 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 €…