Zumtobel under pressure after another profit warning

Zumtobel had to announce another profit warning at the end of January: the adjusted earnings before interest and taxes (EBIT)......

for the current financial year will probably only amount to EUR 15 to 25 m instead of the forecasted EUR 50 to 60 m.

In addition, the company has to replace two key executives. Dr. Ulrich Schumacher, the CEO and former Infineon -manager, left the company on February 1, also the CFO, Karin Sonnenmoser, who will be leaving at the middle of the year. Alfred Felder will take over the office of CEO in addition to his role as Sales Manager.