NEWS
LEDs drive Zumtobel back to profit

Growth in LEDs helped Zumtobel increase sales by over 10 per cent to £1.1 billion.

Rewarding: Sommerer welcomes LEDs boost

The global lighting group’s growth was driven by the trend towards energy-efficient lighting systems and the technology shift towards LEDs. As a result the company was able to buck the general trend in the commercial construction sector, which showed a marked downturn in 2010.

‘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.’

RELATED
Newey & Eyre wins major contract

Four year contract secured by electrical wholesaler Newey & Eyre to supply Tata Steel UK

RELATED
Lighting boost as Carbon Trust and Siemens launch £550m fund

The market for low-energy lighting is set to get a major boost following the announcement of a £550 million joint partnership between the Carbon Trust and Siemens.