Zumtobel: Austrian based lightning group Zumtobel reported figures. According to Zumtobel, the first six months of the 2018/19 financial year were marked by strategic milestones for the repositioning of the Group. Revenues totalled Euro 595.1 mn in the first half-year of 2018/19 (minus 4.7% compared with the previous year). Adjusted Group EBIT increased by 22% to Euro 24.8 mn (H1 2017/18: Euro 20.3 mn). Net profit for the period improved by 14.3% compared with the first half of 2017/18 to Euro 8.8 mn. “We are on the right track to make the company shine again. During the first half of our 2018/19 financial year, we managed to improve profitability despite declining revenues,” says Alfred Felder, CEO Zumtobel Group, whos contract has been extended by three years until 30 April 2022. He adds, “However, we have not reached a competitive cost base yet. Therefore, we will continue to push measures to strengthen our competitiveness throughout the Group in order to generate profitable growth in the long-term.”
Zumtobel: weekly performance: -6.95%

Andritz: International technology Group Andritz has received an order from Shaanxi ZhenAn Pumped Storage Co. Ltd., a subsidiary of State Grid Corporation of China (SGCC), for the supply of four 350-MW reversible pump-turbines and motor-generators, together with auxiliary equipment for the ZhenAn pumped storage hydropower plant located in Shaanxi province, China. ZhenAn, with a total installed hydropower capacity of 1,400 MW, will be the first pumped storage power station in northwest China. The contract value amounts to more than Euro 100 mn.
Andritz: weekly performance: -4.47%