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Zumtobel ( (GB:0MJH) ) has issued an announcement.
Zumtobel Group AG has made a significant decision to cease production activities at its plant in Les Andelys, affecting 84 employees. This strategic move, following a thorough evaluation, aims to optimize operations and involves searching for a potential buyer for the factory premises. The cessation is expected to incur a negative one-off financial impact of approximately EUR 10 million, with most of the effects accounted for in the previous financial quarter.
More about Zumtobel
Zumtobel Group AG is a company operating in the lighting industry, known for its innovative lighting solutions and technologies. Headquartered in Austria, it focuses on providing high-quality lighting products and services globally.
YTD Price Performance: 1.99%
Average Trading Volume: 13,702
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €214M
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