04.09.2018, 1547 Zeichen

Zumtobel: The international lighting group Zumtobel Group returns to profitability in the first quarter of 2018/19, after a loss in financial year 2017/2018. Adjusted Group EBIT amounted to Euro 10.0 mn (previous year: 18.2 mn). The cost saving measures reduced fixed costs and again led to clear positive net profit of Euro 2.8 n (previous year: 9.7 mn). Group revenues amounted to Euro 293.1 mn in the first quarter (minus 7.6% or, FX-adjusted, minus 5.6% year-on-year). “The results for the first quarter of the current 2018/19 financial year show that the Zumtobel Group has taken the right strategic steps to stabilise the business and restore its radiance. We recorded a profit for the first time in three quarters in spite of the ongoing intensive price competition. This positive development was based, above all, on the efficiency and cost savings measures introduced by the new Management Board team, which led to a significant improvement in our cost structure,”   Alfred Felder, CEO Zumtobel Group, commented.
Zumtobel: weekly performance: 14.78%

Vienna Stock Exchange announced index changes: According to the index rules the catering company Do & Co will replace the construction company Porr in the Austrian leading index ATX. Do & Co qualifies for inclusion in the index due to the higher order book turnover and the free float capitalization in the current period. The new index composition of the ATX will take effect as of Monday, 24 September 2018.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (04/09/2018)

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