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| Zumtobel's business environment continues to stabilise in 3Q For Austrian lighting products maker Zumtobel, the signs of a gradual recovery in the operating environment continued to increase as the third quarter of the current financial year (May - January) drew to a close. In the first nine months of the financial year the international lighting group reported revenues of EUR 827.3 million, which equates to a drop of 8.1% over the comparable prior year period (EUR 900.5 million). After adjustment for negative currency translation effects, above all due to the weak British Pound, revenues were 7.0% lower. In Q3 (November - January), the seasonally weakest quarter of the year, the downturn in revenues was far more moderate than in the previous quarters. Third quarter revenues totalled EUR 255.3 million (PY: EUR 259.3 million) which represents a drop of "only" 1.5% (compared to minus 12.0% in Q1 and minus 9.6% in Q2), although this more moderate decline also resulted from the low comparative base of a weak third quarter in the prior year. write your comments about the article :: © 2010 Construction News :: home page |