Zumtobel Group Ag Provides Earnings Guidance for the Full Year 2021
March 23, 2021 at 02:55 pm EDT
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Zumtobel Group AG provided earnings guidance for the full year 2021. The Management Board now estimates revenues will total EUR 1,030 to 1,040 million for the 2020/21 financial year (previous year: EUR 1,131.3 million) and adjusted Group EBIT will range from EUR 36 to 43 million (previous year: EUR 53.9 million). Net profit will be substantially higher than the previous year due to lower restructuring costs and a positive income tax effect. Net profit for the 2020/21 financial year is expected to be positive at EUR 24 to 34 million (previous year: EUR 14.5 million), subject to possible special effects from year-end valuations as of 30 April 2021.
Zumtobel Group AG is an Austria-based company. The Company is engaged as a provider of lighting solutions, lighting components and the associated services. The Company operates through two segments: Lighting Segment and Components Segment. In the lighting segment, the Company produces hardware and software for lighting systems (LED light sources, LED drivers, sensors and light management). It offer services such as advice on intelligent lighting controls and emergency lighting systems, lighting contracting, design services, project management for turnkey lighting solutions as well as new, data-based services with a focus on connecting buildings and cities using light infrastructure, e.g. Real-time location of goods and people using Bluetooth Doppler direction finding. The Components segment includes industry (including logistics, halls, parking garages), office, education and healthcare (including hospitals, schools and universities) and retail (incl. Supermarkets, furniture stores).
ZUMTOBEL GROUP AG 
