Zumtobel defies the crisis: slight sales growth and planned conversion!

Zumtobel defies the crisis: slight sales growth and planned conversion!

The construction industry is under pressure - and this is also reflected in the latest figures from the Zumtobel company. CEO Alfred Felder announced on Thursday that despite the challenging economic situation in many markets, a slight increase in sales was achieved from 0.6 percent to 577.6 million euros in the first half of the year. The figures show that demand in Europe decreases, while the competitive pressure from the Far East increases due to extremely low prices, as vorarlberg.ORF.at . However, fields warn that construction in Europe will continue to decline due to the intensive competition.

restructuring measures and production closures

A central topic for Zumtobel is the restructuring costs that influence the calculations. The operational profit rose slightly from 40.0 to 41.2 million euros, but the period gained fell from 21.2 to 18.4 million euros. The closure of the unprofitable work in France is particularly serious, which means the end of 85 jobs. Fortunately, the location for development and product management remains, Felder continues. The relocation of the production of Dornbirn to Niš (Serbia) also led to a reduction of around 100 positions, but also to an improved EBIT margin that has increased from 7.0 to 7.1 percent.

In addition, Zumtobel, with sales of 217.1 million euros in D-A-CH (Germany, Austria, Switzerland), still has a significant market position. The concentration on efficiency increases is crucial to meet the challenges in a changing market. In particular, the market share that illuminates the success of a company could gain in importance in the future. The absolute market share that establishes the connection between the turnover of a company and the overall turnover of the market is an important indicator of competitiveness - crucial for strategic planning, such as Office.Lexware.de Explained.