This was decided at yesterday’s meeting of the ATX committee at the Vienna stock exchange which regularly reviews the composition of the ATX. The ATX (Austrian Traded Index) comprises the 20 shares with the highest liquidity traded on the prime market of the Vienna stock exchange. On 31 August 2006, the shares of the Vorarlberg-based lighting group were ranked 18th in terms of trading volume on the prime market. The criteria which determined admission of Zumtobel shares to the ATX included not only average daily trading volume but also the high market capitalisation with a free float weighting factor of 0.75.
Chairman of the Zumtobel Group, Dr. Andreas Ludwig, is delighted that Zumtobel shares have been admitted to the ATX: “The Zumtobel flotation in May marked the biggest IPO of a private industrial company in Austria. Official admission to the ATX underlines the company’s major role in the Austrian business sector. In view of our continuing good operating performance, we are convinced that our shares represent an attractive proposition for investors.”
Zumtobel AG issued a total of 44.7 million shares and has been listed on the Vienna stock exchange since 12 May 2006. The issue price was set at EUR 20.50. The free float amounts to approximately 60.4% of the Zumtobel shares. Of the previous shareholders, the Zumtobel family holds just over 34% of Group’s shares, while the financial investor KKR (Kohlberg Kravis Roberts & Co) retains a 5.5% stake. Zumtobel shares are currently quoted at EUR 17.53 (closing rate on Tuesday, 5 September 2006).
During the last financial year (ended 30 April 2006), Zumtobel AG was able to achieve adjusted* growth in consolidated revenues of 6% to EUR 1,184.2 million and a 49.7% rise in net profit to EUR 43.6 million. Operating profit (EBIT) amounted to EUR 86.1 million. Zumtobel AG will be reporting results for the first quarter of the current financial year (May to July) on 19 September.
* adjusted for sales reported by the Group’s former Toolmaking Division which was sold off by way of an MBO
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