28.06.2020, 1411 Zeichen

Zumtobel: The lightning company Zumtobel Group generated revenue growth of 1.5% up to and including February, meaning the first 10 months of 2019/20, but the worldwide restrictions to contain the pandemic led to a year-on-year decline of 2.6% to Euro 1,131.3 mn (FX-adjusted: minus 3.1%) for the full financial year. The Group’s most important markets – Great Britain, France and Italy – were particularly hard hit by the crisis. The Lighting segment, in particular, was faced with a foreign exchange-adjusted revenue decline of 3.8%. However, the results for 2019/20 clearly show the positive effects from the continued pursuit of restructuring measures which also included the reorganisation of sales in the European core markets. Revenue growth was substantially slowed by the recent crisis, but the company reached an important milestone in the development of operating profit: Group EBIT, adjusted for special effects, rose by 95% to EUR 53.9 mn in 2019/20 (2018/19: Euro  27.6 mn). The adjusted EBIT margin increased from 2.4% to 4.8% and now lies at the upper end of the forecast 3% to 5% target range. The earnings improvement was also achieved by successful cost savings measures; for example, selling and administrative costs were reduced by 5.6% during the past financial year.
Zumtobel: weekly performance: 10.59%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (25/06/2020)

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