December 10, 2013 / 6:50 AM / in 4 years

Austria's Zumtobel's operating income jumps after revamp

VIENNA, Dec 10 (Reuters) - Austrian lighting group Zumtobel’s said on Tuesday second-quarter adjusted earnings before interest and tax (EBIT) rose 25 percent to 24 million euros thanks to an extensive restructuring.

Sales for the three months to end-October fell 2 percent to 324 million euros ($445 million), in line with expectations, as LED growth partially compensated for a decline in traditional lighting.

$1 = 0.7289 euros Reporting by Georgina Prodhan; Editing by John Stonestreet

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