Zumtobel full-year earnings plunge, outlook bad

* Full-year EBIT drops 36 pct on forex and recession

* Warns on outlook, no recovery before 2010

* No dividend

VIENNA, June 29 (Reuters) - Austrian lighting equipment maker Zumtobel (ZUMV.VI) reported a 36 percent fall in full-year adjusted operating earnings on Monday, scrapped its dividend and warned recovery would only come in 2010.

Earnings before interest and tax (EBIT) adjusted for exceptional items and non-recurring expenses fell to 78.9 million euros ($110.5 million) in the year ended April 30.

This was higher than an average forecast of 65 million euros for the full year 2008/2009 in a Reuters survey of six banks. [ID:nLN640705]

"Zumtobel ... expects a further deterioration in the operating environment for the construction industry and, because of the delayed cyclical nature of its business, assumes the lighting industry will only reach the low point of this crisis in 2010," it said in a statement.

Zumtobel shares have gained 30 percent since the start of the year, outperforming the DJ Stoxx European construction index .SXOP which has risen some 3 percent. ($1=.7143 Euro) (Reporting by Sylvia Westall; Editing by Jon Loades-Carter)