BRIEF-Zumtobel Group 9-mth Adj EBIT Up 96% At EUR 46.9 Mln

Zumtobel AG

03/03/2020 06:40

March 3 (Reuters) - Zumtobel Group AG  ZUMV.VI :
    * CONFIRMATION OF GUIDANCE AND MEDIUM-TERM GOAL
    * 9-MONTH GROUP REVENUES ROSE BY 0.8% TO EUR 871.1 MILLION (PREVIOUS YEAR: EUR 863.8
MILLION)
    * 9-MONTH ADJUSTED GROUP EBIT OF EUR 46.9 MILLION (+96.2%), RETURN ON SALES (ADJUSTED) RISES
FROM
2.8% TO 5.4%
    * 9-MONTH NET PROFIT FOR THE PERIOD INCREASES FROM EUR MINUS 6.1 MILLION TO EUR 22.2 MILLION
    * OUTLOOK 2019/2020: EXPECTS AN IMPROVEMENT IN THE ADJUSTED EBIT MARGIN TO 3 TO 5% AND
DEPENDING
ON THE FURTHER DEVELOPMENT OF THE CORONAVIRUS SLIGHT GROWTH IN REVENUES
    * EXPECTS CHALLENGING LAST QUARTER

Source text for Eikon:  ID:nPexS988Pa 
Further company coverage:  ZUMV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))