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Zumtobel Group AG (ZUMV.VI)

ZUMV.VI on Vienna Stock Exchange

17.30EUR
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Zumtobel Group 9-month EBIT up 30 pct at 62 million euros
Tuesday, 7 Mar 2017 01:37am EST 

Zumtobel Group AG : Adjusted EBIT for first three quarters rose by 29.9 pct from 47.8 million euros to 62.0 million euros ($65.64 million) . In Q3 Zumtobel Group nearly matched comparable prior period revenues for first time in this financial year at 306.1 million euros (previous year: 307.9 million euros; minus 0.6 pct) . Total group revenues declined by 3.6 pct year-on-year to 973.4 million euros in first three quarters of 2016/17 (previous year: 1,009.9 million euros) .Now expects FY operating earnings (adjusted EBIT) of approx. 70 million euros. Former earnings guidance (adjusted EBIT) indicated a slight improvement over previous year (previous year: 58.7 million euros).  Full Article

Zumtobel Group says to build new luminaire production plant in Serbia
Friday, 27 Jan 2017 10:30am EST 

Zumtobel Group AG : To build new luminaire production plant in Serbia . Production to start in 2018/19 financial year .To invest up to 30 million euros ($32.13 million) in next two and a half financial years.  Full Article

Zumtobel CFO says taking conservative approach to outlook
Tuesday, 6 Dec 2016 06:20am EST 

Zumtobel : Zumtobel CFO says in conference call guidance might not look ambitious but want to follow conservative approach Further company coverage: [ZUMV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Zumtobel Group receives order worth EUR 22 mln
Thursday, 17 Nov 2016 02:59am EST 

Zumtobel Group AG :Major order: zumtobel group partners with Wilko to provide a turnkey LED lighting solution for over 380 stores in the UK, order worth 22 million euros ($23.56 million).  Full Article

Zumtobel Group Q1 net profit up 36.9 pct to EUR 12.6 mln
Tuesday, 6 Sep 2016 01:34am EDT 

Zumtobel Group AG : Q1 group revenues fall 4.9 percent (1.4 percent after foreign exchange adjustment) to 325.7 million euros ($362.99 million) . Q1 EBIT adjusted for special effects rose by 48.6 percent year-on-year to 20.1 million euros(previous year: 13.5 million euros) . Q1 net profit rises 36.9 percent to 12.6 million euros .Full year outlook for 2016/17: management board anticipates slight improvement in adjusted group EBIT.  Full Article

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

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BRIEF-Zumtobel Group 9-month EBIT up 30 pct at 62 million euros

* Adjusted EBIT for first three quarters rose by 29.9 pct from 47.8 million euros to 62.0 million euros ($65.64 million)