27.08.2023, 1626 Zeichen

Zumtobel: Lightning group Zumtobel expects a revenue decline in the mid-single digit range for the 2023/24 financial year (previous guidance: revenue growth of 1% to 4%) due to the lack of dynamics in the short-term components business and the tense economic climate. The expected EBIT margin of 3% to 6% for the 2023/24 financial year is confirmed – providing there is no further deterioration in the economic environment. The development of revenue during Q1 2023/24 was stable in the Lighting Segment, but declined by 25.4% in the Components Segments from the very strong prior year level of EUR 103.2 million to EUR 77.0 million. Contrary to the previous outlook, demand in the substantially more short-term Components Segment failed to develop the expected momentum, chiefly due to customers’ continued high stock levels.
Zumtobel: weekly performance: -1.55%

Andritz: Greenply Industries Limited has successfully produced first fibers with its new high-performance pressurized refining system from Austrian based Andritz group at its medium-density fiberboard production facility in Vadodara, Gujarat, India. Sanidhya Mittal, Joint Managing Director, Greenply Industries Limited, says: “The pressurized refining system from Andritz is highly efficient and energy saving, which is in line with our environmentally friendly production process. We would like to thank Andritz and its team for their assistance during the installation and the high level of professionalism throughout the whole project.”
Andritz: weekly performance: 0.74%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (23/08/2023)

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