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ZAG - Zumtobel AG News Story

€8.4 0.0  0.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Small Cap
Market Cap £315.5m
Enterprise Value £424.5m
Revenue £887.4m
Position in Universe 563rd / 1050

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

Tue 2nd March, 2021 6:32am
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 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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