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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
Provider: GlobalData
Provider: Thomson Reuters StreetEvents

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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. 

Company Quote

0.45 +3.48%
21 Oct 2014