Zumtobel Group AG (ZUMV.VI) Key Developments | Reuters.com
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Zumtobel Group AG (ZUMV.VI)

ZUMV.VI on Vienna Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Zumtobel FY 2015/16 revenues up 3.3 pct at 1.36 billion euros
Wednesday, 22 Jun 2016 01:39am EDT 

Zumtobel Group AG : FY adjusted group EBIT declines 11.7 pct to 58.7 million euros ($66.07 million) . FY group revenues reach new record level at 1,356.5 million euros . FY net profit of 11.9 million euros at prior-year level . Outlook: systematic pursuit of strategic reorientation and restructuring; no concrete forecasts for revenues and earnings .To distribute a dividend of 0.20 euros per share for the 2015/16 financial year.  Full Article

Zumtobel AG plans to close production plant in Usingen, Germany - Reuters News
Thursday, 28 Apr 2016 06:45am EDT 

Zumtobel AG:Planning to close production plant in Usingen, Germany.Including planned closure of production plant in Usingen, restructuring expenses of Zumtobel Group for entire 2015/16 financial year now total approximately 35 million euros ($39.72 million).Primary concern is to find socially responsible solutions for 156 employees who will be affected by closure.Is also planning to take its Medicals product portfolio off market.  Full Article

Zumtobel cuts FY 2015/16 outlook
Thursday, 14 Apr 2016 02:40pm EDT 

Zumtobel AG:Adjusts forecast for the current FY 2015/16.Now expects adjusted EBIT of 55 million to 60 million euros for the full financial year 2015/16 (FY 2014/15: EUR 66.5 million) and increase of approx. 2.5 pct in revenues.The original guidance was based on adjusted EBIT of 70 million to 80 million euros and increase of approx. 5 pct in revenues.  Full Article

Zumtobel confirms full-year revenue and earnings targets for FY 2015/16
Wednesday, 2 Mar 2016 01:30am EST 

Zumtobel AG:Confirms full-year revenue and earnings targets for FY 2015/16.Targets for FY 2015/16 financial year remain intact, with a year-on-year increase of approx. 5 pct in revenues and adjusted EBIT of 70 million to 80 million euros.  Full Article

Zumtobel AG unit reaches LED patent license deal with Panasonic
Tuesday, 23 Feb 2016 07:00pm EST 

Zumtobel AG:Panasonic Corporation, Panasonic Lighting Europe GmbH and Tridonic GmbH & Co KG, manufacturer of lighting components and part of Zumtobel Group, announced that they have entered into patent license agreement.Parties grant each other license to use certain patents in field of lighting electronics, mainly in field of control and operation of LED light sources​.This agreement will help parties to accelerate their research and development activities for creating new innovation and to push further growth of LED lighting market​.Specific terms of settlement will remain confidential​.  Full Article

Zumtobel Group lowers FY 2015/16 earnings guidance, confirms revenue outlook
Wednesday, 9 Dec 2015 01:30am EST 

Zumtobel Group AG:Reduced its earnings guidance (adjusted EBIT) for the full year 2015/16 from the previously announced 90 to 100 million euros to 70 to 80 million euros.FY 2015/16 revenue target remains intact with an increase of approx. 5 pct year-on-year.FY 2015/16 revenue estimate 1.39 billion euros - Thomson Reuters I/B/E/S.FY 2015/16 EBIT estimate 76.4 million euros - Thomson Reuters I/B/E/S.  Full Article

Zumtobel says Tridonic sells Signage Business to AgiLight, Inc.
Monday, 30 Nov 2015 11:50am EST 

Zumtobel AG:Tridonic GmbH & Co KG, a part of Zumtobel Group, has sold its LED signage business to U.S.A.-based AgiLight Inc.  Full Article

Zumtobel confirms FY 2015/16 outlook
Tuesday, 8 Sep 2015 01:30am EDT 

Zumtobel AG:Outlook for the 2015/16 financial year confirmed.Sees increase of roughly 5 pct in revenues and adjusted EBIT of 90 million euros to 100 million euros in FY 2015/16.FY 2015/16 revenue estimate 1.39 billion euros - Thomson Reuters I/B/E/S.FY 2015/16 EBIT estimate 92.33 million euros - Thomson Reuters I/B/E/S.  Full Article

Zumtobel acquires UK based LED lighting company acdc
Monday, 7 Sep 2015 02:00am EDT 

Zumtobel AG:Acquires UK based LED lighting company acdc.Acdc to remain an independent brand and flexible unit under the umbrella of the Group.Has acquired a majority shareholding of 60 pct in acdc lighting.An option to purchase the remaining shares exists as second step.Amount of the transaction will not be disclosed.  Full Article

Zumtobel AG gives FY 2015/2016 outlook; to propose dividend for FY 2014/2015
Tuesday, 23 Jun 2015 08:00pm EDT 

Zumtobel AG:For FY 2015/16 financial year, expects increase of approx. 5 pct in revenues and adjusted EBIT of 90 million euros to 100 million euros (FY 2014/15: 66.5 million euros).Expects to gradually raise adjusted EBIT margin to roughly 8 pct to 10 pct by 2016/17.Will make a recommendation to distribute a dividend of 0.22 euros per share for FY 2014/15.FY 2015/16 revenue estimate 1.35 billion euros - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Zumtobel FY 2015/16 revenues up 3.3 pct at 1.36 billion euros

* FY adjusted group EBIT declines 11.7 pct to 58.7 million euros ($66.07 million)