VORSCHAU
Frühere Meldungen
PRESSETERMINE
AKTUELLES PRESSEFOTO
IR Nachrichten
04.10.2024 20:00
One Touch Football AG
04.10.2024 14:10
Rosenbauer International AG
04.10.2024 12:00
Panamax Aktiengesellschaft
EUROPA NACHRICHTEN
ADHOC
Do, 05.09.2024 07:30
pta20240905007
Business news for the stock market
Zumtobel Group AG: Zumtobel Group with a good start into the new 2024/25 financial year
Dornbirn (pta007/05.09.2024/07:30) -
The Zumtobel Group recorded a slight 1.2% increase in revenues to EUR 289.1 million in the first quarter of 2024/25 financial year. After an adjustment for foreign exchange effects, the increase equalled 1.3%. The Components Segment reported the first revenue growth in six quarters: Supported, above all, by rising demand in Great Britain, the D/A/CH region and Greater China, revenues rose by 4.3% to EUR 80.3 million. Revenues in the Lighting Segment increased by 1.1% to EUR 226.6 million (Q1 2023/24: EUR 224.1 million), chiefly due to growth in Great Britain. The increase in revenues and an improvement in the materials ratio more than offset higher personnel and other costs. As a consequence, adjusted EBIT rose from EUR 14.5 million in Q1 2023/24 to EUR 20.2 million in Q1 2024/25. This reflects a substantial improvement in the adjusted EBIT margin to 7.0% (Q1 2023/24: 5.1%). Net profit for the reporting period equalled EUR 12.8 million (Q1 2023/24: EUR 9.8 million). "The increase in revenues and incoming orders in the Components Segment signalise that our customers' previously high stock levels appear to have declined. The difficult phase in this business area appears to have passed," indicated Alfred Felder, CEO of the Zumtobel Group.
Recovery, above all, on the markets in Northern and Western Europe / increase in the adj. EBIT margin
The adjusted cost of goods sold reflects a reduction in material costs and inventory write-downs. Development costs rose by EUR 2.0 million to EUR 18.2 million during the same period (Q1 2023/24: EUR 16.2 million). Adjusted selling and administrative expenses (incl. research) rose by EUR 3.0 million to EUR –91.0 million (Q1 2023/24: EUR –88.0 million), whereby the main drivers were the increase in personnel costs which resulted from collective agreements, costs for IT projects and transport expenses. Adjusted EBIT rose from EUR 14.5 million in Q1 2023/24 to EUR 20.2 million, and the adjusted EBIT margin equalled 7.0% (Q1 2023/24: 5.1%). The growth in revenues and an improvement in the materials ratio more than offset the increase in personnel and other costs. Profit before tax totalled EUR 14.2 million in Q1 2024/25 (Q1 2023/24: EUR 11.0 million), and net profit rose to EUR 12.8 million (Q1 2023/24: EUR 9.8 million). Earnings per share for the shareholders of Zumtobel Group AG (basic EPS based on 42.8 million shares) increased to EUR 0.30 (Q1 2023/24: EUR 0.23).
Continued solid balance sheet structure
Outlook confirmed
(Ende)
PRESSETEXT.TV
PORR rechnet mit anhaltender Baukonjunktur 30.10.2024 ETARGET
FOCUSTHEMA
SPECIALS
Werbung
middleAdvertising
|