June 28 (Reuters) - Zumtobel Group AG:
* PTA-ADHOC: ZUMTOBEL GROUP AG: PROFITABILITY IMPACTED BY REVENUE DECLINES AND INTENSE PRICE COMPETITION
* RECORDED A YEAR-ON-YEAR DECLINE OF 8.2% IN REVENUES TO EUR 1,196.5 MILLION FOR 2017/18
* NET PROFIT FELL FROM EUR 25.2 MILLION IN PREVIOUS YEAR TO MINUS EUR 46.7 MILLION IN 2017/18
* FY GROUP EBIT ADJUSTED FOR SPECIAL EFFECTS TO EUR 19.7 MILLION (2016/17: EUR 72.4 MILLION)
* NO DISTRIBUTION OF DIVIDENDS IS PLANNED FOR 2017/18 FINANCIAL YEAR
* EXPECTS A FURTHER DECLINE IN REVENUES, ESPECIALLY DURING FIRST HALF-YEAR
* FOR 2018/19, MANAGEMENT BOARD HAS SET TARGET OF GENERATING A SLIGHT YEAR-ON-YEAR IMPROVEMENT IN ADJUSTED GROUP EBIT
* FURTHER NON-RECURRING CHARGES ASSOCIATED WITH STRATEGIC REALIGNMENT ARE HIGHLY PROBABLE IN COMING QUARTERS
* ZUMTOBEL GROUP - WILL PRESENT NEW STRATEGY FOR MANAGEMENT OF GROUP AS WELL AS REVISED MEDIUM-TERM OBJECTIVES AT LATEST BY 4 SEPT Source text for Eikon: Further company coverage: (Gdynia Newsroom)
