Zumtobel Highlights LED Technology as Key Growth Catalyst for 2013-2014

During the Annual Shareholders’ Meeting of Zumtobel AG in Dornbirn, shareholders approved the release of the Management and Supervisory Boards from liability concerning the 2013/14 financial year. The meeting saw a turnout of 337 shareholders, representing 63 percent of the company’s share capital. CEO Ulrich Schumacher reported positive business developments, particularly a significant increase in LED revenues, which now account for over 30 percent of total Group revenues. The company reported a slight revenue increase to EUR 1.25 billion despite challenges, with improved profitability in its product lines. Shareholders also approved a dividend of EUR 0.18 per share and authorized a potential capital increase to support strategic initiatives in response to market shifts. Additionally, the company’s name was officially changed to “Zumtobel Group AG.”

Zumtobel Highlights LED Technology as Key Growth Catalyst for 2013-2014

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