Today’s Management Board discussions focused on the unsatisfactory development of business in March and the weak order levels for the month of April. In addition to the ongoing market difficulties in France and Australia, there has been an unexpected slowdown in the economic environment not only in Great Britain – the most important market for the Zumtobel Group – but also in Switzerland in recent weeks. The resulting weaker revenue development will prevent the Group from meeting the original earnings forecast, in spite of the positive effects from the previously implemented restructuring and cost savings measures.
Zumtobel Group AG will present detailed information on the development of business on 22 June 2016 in connection with the announcement of results for the 2015/16 financial year.
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About the Zumtobel Group
The Zumtobel Group is an international lighting group and a leading player in the field of innovative lighting solutions and components. With its three internationally established brands, Thorn, Tridonic and Zumtobel, and its two smaller brands, acdc and Reiss, the Group offers its customers around the world a comprehensive range of products and services. In the lighting business the Group with its Thorn, Zumtobel and acdc brands is the European market leader. The Reiss brand supplies OEMs with luminaires with a higher degree of protection. Through its lighting components brand, Tridonic, the Group plays a leading role worldwide in the manufacture of hardware and software for lighting systems (LED light sources and LED drivers, sensors and lighting management). The Group is listed on the Vienna Stock Exchange (ATX) and on the balance sheet date (April 30, 2015) employed a workforce of 7,234 employees. In the 2014/15 financial year, the Group posted revenues of EUR 1,312.6 million. The Zumtobel Group is based in Dornbirn in the Vorarlberg region of Austria. For further information, please visit http://www.zumtobelgroup.com/en