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Satisfying Performance for Austrian Zumtobel in First Quarter of 2010

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September 7, 2010

The Austrian-based supplier of lighting appliances Zumtobel recorded an increase in revenue and sales in the first quarter.  

The company´s revenue rose by 7.5% to 299.4 million Euro mostly due to increased demand and market share in the components market and thus higher sales in this segment. Compared to the general lighting market the segment of components is considerably less affected by the performance of the construction industry and therefore performing rather stable.

As regards the US market company sales increased by 3.8% in the first three months of 2010. On the whole, the group´s financial outlook is highly encouraging. For the current fiscal year sales and operating income are expected to increase substantially compared to the preceding business period. Today Zumtobel´s share recorded a slight increase in value.