Zumtobel Group Ag Reports Earnings Results for the First Quarter Ended July 31, 2019
September 03, 2019 at 12:09 pm EDT
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Zumtobel Group AG announced earnings results for the first quarter ended July 31, 2019. For the first quarter, the company announced sales was EUR 296.391 million compared to EUR 293.109 million a year ago. Operating income was EUR 15.412 million compared to EUR 7.254 million a year ago. Net income was EUR 10.892 million compared to EUR 2.851 million a year ago. Basic earnings per share was EUR 0.25 compared to EUR 0.06 a year ago.
Zumtobel Group AG, formerly known as Zumtobel AG, is an Austria-based company engaged in the provision of lighting solutions, luminaries, light management systems and lighting components for interior and exterior applications. The Company operates in two segments: The Lighting Segment covers luminaries, lighting management and lighting solutions business for indoor and outdoor applications, and comprises the brands Zumtobel, Thorn and acdc, as well as original equipment manufacturer (OEM) brand Reiss. The Components Segment is focused primarily on the development and marketing of control gear for conventional lighting components, light-emitting diodes (LED) converters and LED/organic light-emitting diode (OLED) modules, lighting management systems and connection technology under the Tridonic and acdc brands. The Company operates AC/DC LED Holdings Ltd as a majority owned subsidiary.