Zumtobel Group AG Revises Earnings Guidance for the Fiscal Year 2023
December 07, 2022 at 01:30 am EST
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Zumtobel Group AG revised earnings guidance for the fiscal year 2023. The Management Board of the Zumtobel Group announced an update of the guidance for 2022/23 in connection with preliminary results for the first half-year.
Based on the positive development of business during the first half-year, the Management Board of the Zumtobel Group now expects an increase of 4% to 8% in revenues (previous guidance: 3% to 6%) and an EBIT margin of 4% to 6% (previous guidance: 4% to 5%) for the full 2022/23 financial year.
Zumtobel Group AG is an Austria-based company. The Company is engaged as a provider of lighting solutions, lighting components and the associated services. The Company operates through two segments: Lighting Segment and Components Segment. In the lighting segment, the Company produces hardware and software for lighting systems (LED light sources, LED drivers, sensors and light management). It offer services such as advice on intelligent lighting controls and emergency lighting systems, lighting contracting, design services, project management for turnkey lighting solutions as well as new, data-based services with a focus on connecting buildings and cities using light infrastructure, e.g. Real-time location of goods and people using Bluetooth Doppler direction finding. The Components segment includes industry (including logistics, halls, parking garages), office, education and healthcare (including hospitals, schools and universities) and retail (incl. Supermarkets, furniture stores).
ZUMTOBEL GROUP AG 
