Zumtobel with expected minus after 9 months

Group sales fell by 3.6% to EUR 973.4 m from May 2016 to January 2017 compared to the previous year (previous year: EUR 1,009.9 m).

Sales of LED products continue to develop dynamically, rising by 11.7% to EUR 709.5 m. The LED share of Group sales thus increased within 12 months to 72.9% from 62.9%.

The development in Australia, France, Switzerland and especially the Middle East continues to be weak. In contrast, development in the Benelux & Eastern Europe as well as in Austria, USA and Italy is very pleasing.

The Zumtobel Group employs 6,615 full-time employees worldwide.

Due to the solid development in the first three quarters, the Board now expects an operating result (adjusted EBIT) of approx. EUR 70 m for the full year.