Zumtobel: The lightning group Zumtobel continued the positive development of revenues from the 2021/22 financial year in the first quarter of 2022/23: Group revenues rose by 8.4% to Euro 313.7 million (Q1 2021/22: Euro 289.3 million) and by 6.6% after an adjustment for foreign exchange effects. This growth was, however, contrasted by a sharp rise in the price of input factors as well as an increase in the value of the US dollar. Against this backdrop, EBIT declined slightly from Euro 20.1 million to Euro 19.0 million. Net profit of Euro 10.9 mn (Q1 2021/22: Euro 13.4 mn) was also influenced by a decline in financial results following the negative valuation of hedges. "The general increase in prices and weak global supply chains had a negative effect not only on the Zumtobel Group but also on the worldwide economy. We have been increasingly able to pass on these higher prices to our customers, but there are limits as to what we can do. We also invested in important strategic areas to be well prepared for future challenges", CEO Alfred Felder comments.
Zumtobel: weekly performance: -7.56%

Immofinanz: Real estate company Immofinanz has sold the BBC Gamma office building in Prague to the Passerinvest Group, a leading real estate investor and developer in the Czech Republic. The building has roughly 31,000 sqm and is rented in full to a single tenant through a long-term lease. The transaction was concluded at a premium to the book value as of 30 June 2022.
Immofinanz: weekly performance: -1.80%