Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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
Find detailed analytics on 0MJH stock on TipRanks’ Stock Analysis page.