BRIEF-Zumtobel 9-Month Net Profit At EUR 14.9 Million

Zumtobel AG

02/03/2021 06:35

March 2 (Reuters) - ZUMTOBEL GROUP AG  ZUMV.VI :
    * 9MTH NET PROFIT AMOUNTED TO EUR 14.9 MILLION, AND FREE
CASH FLOW
ROSE SIGNIFICANTLY FROM EUR 32.9 MILLION TO EUR 59.8 MILLION
    * 9M GENERATED POSITIVE OPERATING PROFIT (ADJUSTED EBIT) OF
EUR
27.7 MILLION AND A RETURN ON SALES OF 3.6% (Q1-Q3 2019/20: 5.4%)
    * AFTER AN ADJUSTMENT FOR FOREIGN EXCHANGE EFFECTS, DECREASE
IN
REVENUES EQUALLED 11.8% FOR FIRST NINE MONTHS
    * EXPECTS FURTHER RECOVERY IN BUSINESS AND A YEAR-ON-YEAR
INCREASE
IN REVENUES DURING Q4 OF 2020/21
    * ALSO ASSUMES THAT OPERATING RESULTS FOR GROUP (ADJUSTED
EBIT)
WILL BE POSITIVE IN Q4

Source text for Eikon:  ID:nPex01YgCa 
Further company coverage:  ZUMV.VI 

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