Key Developments: Zumtobel Group AG (ZUMV.VI)

ZUMV.VI on Vienna Stock Exchange

23.05EUR
1 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Zumtobel confirms outlook for FY 2014/15, announces layoffs
Tuesday, 3 Mar 2015 01:00am EST 

Zumtobel AG:Management Board confirms guidance for FY 2014/15.Says this calls for increase of roughly 3 pct in revenues and improvement in adjusted EBIT margin to 5-6 pct for FY 2014/15.FY 2013/14 revenue of 1.25 billion euros.FY 2014/15 revenue estimate 1.28 billion euros - Thomson Reuters I/B/E/S.Plans reduction of about 70 employees at the lighting plant in Lemgo, Germany.  Full Article

Zumtobel AG says JP Morgan holds more than 10 pct of voting rights
Tuesday, 23 Dec 2014 01:00pm EST 

Zumtobel AG:Says Jpmorgan Chase & Co holds more than 10 pct of voting rights in Zumtobel Group AG.Says 3.462 pct of voting rights are allotted to 1.505.765 shares of Zumtobel Group AG.Says rest of Jp Morgan's voting rights is alloted to equity swaps and options.  Full Article

Zumtobel AG reconfirms FY 2014/15 outlook
Monday, 8 Dec 2014 07:00pm EST 

Zumtobel AG:Management Board confirms outlook for FY 2014/15.Says this calls for increase of roughly 3 pct in revenues and improvement in adjusted EBIT margin to 5-6 pct for FY 2014/15.FY 2013/14 revenue of 1.25 billion euros.FY 2014/15 revenue estimate 1.285 billion euros - Thomson Reuters I/B/E/S.  Full Article

Zumtobel AG confirms FY 2014/15 outlook
Monday, 1 Sep 2014 08:00pm EDT 

Zumtobel AG:Confirms previously communicated guidance for FY 2014/15, which calls for increase of roughly 3 pct in revenues and improvement in adjusted EBIT margin to 5 pct to 6 pct.FY 2013/14 revenue of 1.25 billion euros.FY 2014/15 revenue estimate 1.287 billion euros - Thomson Reuters I/B/E/S.  Full Article

Zumtobel AG to recommend FY 2013/14 dividend
Tuesday, 24 Jun 2014 08:00pm EDT 

Zumtobel AG:To recommend to annual general meeting of 25 July payment of dividend of 0.18 euros per share for FY 2013/14.  Full Article

Zumtobel AG gives FY 2014/15 outlook with revenue outlook above analysts' estimates
Tuesday, 24 Jun 2014 08:00pm EDT 

Zumtobel AG:Expects FY 2014/15 to bring increase of about 3 pct in revenues as well as improvement in adjusted EBIT margin from current level of 3.8 pct to between 5 pct and 6 pct.FY 2013/14 revenue of 1.25 billion euros.FY 2014/15 revenue estimate 1.269 billion euros - Thomson Reuters I/B/E/S.  Full Article

Zumtobel AG gives FY 2016/2017 operating profit margin and EBIT margin outlook for FY 2014/2015 and FY 2016/2017; to cut 600 jobs - Reuters
Wednesday, 2 Apr 2014 01:30am EDT 

Zumtobel AG:Aims to double operating profit margin by 2016/2017 through cost-cutting and efficiency measures including cutting 600 jobs - Reuters.Says margin for adjusted earnings before interest and tax (EBIT) should improve from around 4 to 5-6 pct in 2014/2015 and 8-10 pct by 2016/2017.Says cost-cutting measures entailed, which include job cuts, to lead to restructuring costs of 15 to 20 million euros ($21 to $26 million) in current fourth quarter ending this month and similar restructuring costs in 2014/2015.  Full Article

Zumtobel AG appoints new Chief Financial Officer
Tuesday, 7 Jan 2014 06:45am EST 

Zumtobel AG:Announces that it has appointed Karin Sonnenmoser as the new Chief Financial Officer of the company.  Full Article

Zumtobel AG Announces Management Changes
Thursday, 22 Aug 2013 01:30pm EDT 

Zumtobel AG announced that supervisory Board of the Company accepted the resignations of Chief Executive Officer (CEO) Harald Sommerer and Chief Financial Officer (CFO) Mathias Dähn effective September 30, 2013. This step had been preceded in recent months by intensive discussions on the future strategic direction of the Zumtobel Group. During these discussions it emerged that the two board members and the Supervisory Board held different views on the operational implementation of the global growth strategy during the important phase of the technology shift to LEDs. Thereafter, Ulrich Schumacher was appointed CEO of the Company with effect from October 1, 2013. His term of office runs until April 30, 2017. The search for a new CFO has been commissioned and is expected to be concluded in the next few months. In the interim, Ulrich Schumacher has also been appointed CFO of the Company.  Full Article

Zumtobel AG's Tridonic Sells Its Magnetic Ballast Plant in Melbourne to Custom Mould Plastic Pty Ltd
Wednesday, 21 Aug 2013 02:15am EDT 

Zumtobel AG announced that in the course of its withdrawal from the production of energy-inefficient magnetic ballasts, decided in June 2013, Tridonic, the Zumtobel Group's lighting components brand, has successfully sold its magnetic ballast plant in Melbourne, Australia. Under the terms of a sales agreement concluded , with effect from September 1, 2013 Custom Mould Plastic Pty Ltd is to purchase the shares in Tridonic Manufacturing Pty Ltd in Melbourne, along with the site and factory building in the Tullamarine industrial zone on the urban fringe of Melbourne. As part of the transaction, Custom Mould Plastics is also to take over 35 employees out of 49 Tridonic Manufacturing workforce. A former supplier to Tridonic, Custom Mould Plastics manufactures plastic components for a variety of industries and operates other production facilities in Melbourne as well.  Full Article

UPDATE 1-Austria's Zumtobel posts higher net loss on Swiss franc hit

VIENNA, March 3 - Austrian lighting group Zumtobel posted a higher than expected net loss on Tuesday due to the impact of the surging Swiss franc against the euro.

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