Harald Sommerer, CEO Zumtobel
Zumtobel is to target annual growth in the region of 10 per cent each year for the next four years.
The plans are outlined in the Group's new medium-term planning statement in which it predicts LED products will account for one-third of Group revenue by 2014/15.
In addition, the Zumtobel and Thorn brands anticipate an increase in market share in Europe and North America and plan to double revenues in the emerging markets of China, India and the Middle East.
Underpinning this growth will be an increase in the sales teams, increased capital expenditure and R&D spends.
In the components business (Tridonic) there is expected to be a shift towards energy-efficient electronic ballasts and innovative LED modules, drivers and systems.
Tridonic's revenues are predicted to multiply five-fold in the next few years with the brand banking on LED drivers, as well as on building up and expanding a range of LED light sources for use in general purpose lighting.
Commenting on the new strategy, CEO Harald Sommerer said: "We will be making significant upfront investments in selling activities and the development of new products with the aim of growing our global market shares. Our core strengths include our diverse market access channels, our strong technology position and our in-depth expertise in lighting applications."
