BRIEF-Zumtobel Group AG Says Expects Substantial Increase In Earnings For 2020/21 Financial Year

Zumtobel AG

23/03/2021 19:00

March 23 (Reuters) - Zumtobel Group AG  ZUMV.VI :
    * ZUMTOBEL GROUP EXPECTS SUBSTANTIAL INCREASE IN EARNINGS
FOR
2020/21 FINANCIAL YEAR
    * ZUMTOBEL GROUP- MANAGEMENT BOARD ESTIMATES REVENUES WILL
TOTAL
EUR 1,030 TO 1,040 MILLION FOR 2020/21 FINANCIAL YEAR (PREVIOUS
YEAR: EUR 1,131.3 MILLION)
    * NET PROFIT FOR 2020/21 FINANCIAL YEAR IS EXPECTED TO BE
POSITIVE
AT EUR 24 TO 34 MILLION (PREVIOUS YEAR: EUR 14.5 MILLION)
    * ZUMTOBEL GROUP - MANAGEMENT BOARD ESTIMATES ADJUSTED GROUP
EBIT
FOR 2020/21 WILL RANGE FROM EUR 36 TO EUR 43 MILLION (PREVIOUS
YEAR: EUR 53.9 MILLION)

Source text for Eikon:  ID:nPexHSnn3a 
Further company coverage:  ZUMV.VI 

 ((Reuters.Briefs@thomsonreuters.com;))