‘We’ve had a marked recovery in our lighting business,’ Zumtobel chief Harald Sommerer told the press. Sales were up 10.2 per cent and profit is firmly back in the black at £46 million with LED-based revenues over £90 million, following a substantial loss of £63 million in the previous year.
The number of employees has increased by 485 to 7,814.
‘One particularly rewarding aspect was the development of our LED business where we have now moved beyond the niche and prestige project stage and into genuine high volume business,’ said Sommerer.
‘On the back of the trend towards greater energy efficiency and the anticipated strong demand from emerging growth markets, we are now in an outstanding position to drive forward our global growth strategy.’