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LED demand drives Zumtobel’s sales

LED demand drives Zumtobel’s sales

Business news |
By eeNews Europe



According to the company, the demand for energy-efficient lighting solutions and "the considerable potential of LED technology are, and will remain, the major growth drivers of the professional lighting industry". Against a profit decline of some 13% and despite an increasingly unsettled business environment on account of the current euro crisis, the Zumtobel Group posted a revenue growth of 8.4% in the first six months of the 2011/12 financial year (May-October). Consolidated first-half revenues totaled EUR 666.8 million (prior year period [PY] EUR 615.4 million).

Implementation of the growth strategy presented in April 2011 brought initial successes in the European markets of the Lighting Segment (Zumtobel / Thorn). Segment revenues rose 11.0% to EUR 488.8 million in the first six months. By comparison, the Components Segment (Tridonic / Ledon) with its higher margins showed significantly weaker development. Revenues rose just 1.8% to EUR 218.5 million in the first half of 2011/12 (PY: EUR 214.7 million). Revenues from the sale of LED products continued their upward trend, reaching almost twice their prior-year level at EUR 82.2 million (+ 96.6%; PY: EUR 41.8 million), the company informed.

The economic environment continued to deteriorate throughout the past quarter. Against this background, the company revoked its sales and profitability guidance of 10% sales increase and an EBIT margin of 6.4%. Instead, the management now predicts sales growth of "substantially less than 10%", adding that it is not possible to provide exact guidance at the present time. Despite this bleak outlook, the company plans to stick to its investment plans communicated earlier.

For further information, please visit www.zumtobelgroup.com

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