Lighting Industry, News

Zumtobel grows again as restructure gets underway

Sales figures for the full 2013-14 financial year showed only a slight increase at the Austrian lighting group, which owns Tridonic and Thorn, but this was an improvement on last year’s 2.9 per cent decline.

Things speeded up in the final quarter with an eight per cent rise across the group, and sales of LED products grew by more than half, now accounting for nearly 34 per cent of the company’s sales.

At Light + Building this year, CEO Ulrich Schumacher announced that the group would be cutting up to 600 jobs as it merges its infrastructure with British subsidiary Thorn and reorganises its sales efforts in line with distribution channels rather than separate brands.

‘We are already witnessing the initial positive impact of improved cross-brand collaboration and flat, customer-centric structures, said Schumacher yesterday.

‘In what was a challenging economic environment, over the past year we have posted slight revenue growth and a sound improvement in operating results.’

The past year saw Zumtobel and Thorn equip sports venues for the Winter Olympics in Sochi, among other major projects.