21st Austria weekly - Zumtobel Andritz 23/08/2023 [pic1]Zumtobel: Lightning group Zumtobel expects a revenue decline in the mid-single digit range for 2023/24 financial year previous guidance: growth of 1% to 4% due lack dynamics short-term components business and tense economic climate. The expected EBIT margin 3% 6% is confirmed – providing there no further deterioration environment. development during Q1 was stable Lighting Segment but declined by 25.4% Components Segments from very strong prior level EUR 103.2 million 77.0 million. Contrary previous outlook demand substantially more Segment failed develop momentum chiefly customers’ continued high stock levels.Zumtobel: performance: -1.55%Andritz: Greenply