Zumtobel Group AG Provides No Guidance for the Full Year Due to the Current Pandemic Situation
December 01, 2020
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Zumtobel Group AG announced that in view of the current development of the Covid-19 pandemic, including the recent sharp rise in infections and the resulting lockdown measures, the Zumtobel Group stands by its decision not to issue any guidance for the 2020/21 financial year.
Zumtobel Group AG is an Austria-based company. The Company is engaged as a provider of lighting solutions, lighting components and the associated services. The Company operates through two segments: Lighting Segment and Components Segment. In the lighting segment, the Company produces hardware and software for lighting systems (LED light sources, LED drivers, sensors and light management). It offer services such as advice on intelligent lighting controls and emergency lighting systems, lighting contracting, design services, project management for turnkey lighting solutions as well as new, data-based services with a focus on connecting buildings and cities using light infrastructure, e.g. Real-time location of goods and people using Bluetooth Doppler direction finding. The Components segment includes industry (including logistics, halls, parking garages), office, education and healthcare (including hospitals, schools and universities) and retail (incl. Supermarkets, furniture stores).