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| Third quarter brings more light to Zumtobel In the first nine months of the current financial year (May 2007 to January 2008) the Zumtobel Group, the Austrian lighting company, was able to post further growth in revenues and earnings, although the pace of growth slowed somewhat in the third quarter. Group revenues for the first three quarters rose by 4.9% to EUR 966.1 million. Adjusted EBIT increased 11.9% to EUR 97.2 million. The EBIT margin for the first nine months moved ahead 70 basis points to 10.1%, although at 30 basis points (from 6.9% to 7.2%) the third quarter improvement in earnings was slightly slower than in Q3 of the previous year. In the fourth quarter the Management Board expects the currency translation effects to continue. Consequently, the Management Board of the Zumtobel Group is adjusting its forecast for 2007/08 Group revenues to reflect growth of around 5%. The EBIT margin is expected to be between 9.5% and 9.8%, which represents a sound improvement over the prior-year value of 9.1%. write your comments about the article :: © 2008 Construction News :: home page |