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BRIEF-Zumtobel Group 9-month EBIT up 30 pct at 62 million euros
March 7, 2017 / 6:40 AM / 8 months ago

BRIEF-Zumtobel Group 9-month EBIT up 30 pct at 62 million euros

March 7 (Reuters) - Zumtobel Group AG:

* Adjusted EBIT for first three quarters rose by 29.9 pct from 47.8 million euros to 62.0 million euros ($65.64 million)

* In Q3 Zumtobel Group nearly matched comparable prior period revenues for first time in this financial year at 306.1 million euros (previous year: 307.9 million euros; minus 0.6 pct)

* Total group revenues declined by 3.6 pct year-on-year to 973.4 million euros in first three quarters of 2016/17 (previous year: 1,009.9 million euros)

* Now expects FY operating earnings (adjusted EBIT) of approx. 70 million euros. Former earnings guidance (adjusted EBIT) indicated a slight improvement over previous year (previous year: 58.7 million euros) Source text for Eikon: Further company coverage: ($1 = 0.9446 euros) (Gdynia Newsroom)

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