News: Zumtobel AG (ZUMV.VI)
Fri, Nov 22 2013
VIENNA, Nov 22 - Austrian lighting group Zumtobel's new chief executive does not expect writedowns or major job cuts, he said on Friday, as he gets to grips with restructuring the company that lagged rivals in the switch to LED lighting.
* No signs of easing in economic tensions, no FY forecast (Adds details on revenues, outlook, background)
VIENNA, Sept 3 - Austrian lighting group Zumtobel , in the throes of management upheaval, reported a 41 percent rise in first-quarter operating profit thanks to restructuring measures.
VIENNA, Aug 23 - Zumtobel's two top executives have quit over differences with the board over strategy and will be replaced by former Infineon Chief Executive Ulrich Schumacher.
VIENNA, Aug 21 - Austrian lighting firm Zumtobel has sold its magnetics ballasts plant in Australia as part of a strategic retrenchment, it said on Wednesday, giving no financial terms for the deal.
VIENNA, June 26 - The cost for lighting group Zumtobel of closing two magnetics plants in Austria and Australia would be 10-15 million euros ($13-20 million), the company's chief executive told Reuters.
VIENNA, June 26 - Austrian lighting group Zumtobel said on Wednesday it could give no forecast for the current financial year as visibility remained low amid a poor macroeconomic environment.
VIENNA, June 25 - Austrian lighting firm Zumtobel is to withdraw from the magnetics sector at the end of 2013 because of incoming European Union restrictions on inefficient magnetic technology.