Zumtobel Group Ag · VIE:ZAG
Zumtobel — FY2025/26 Earnings Presentation
25 slides from Zumtobel's earnings presentation, Jul 16, 2026
Slide 1: FY 2025/26 Management Presentation
FY 2025/26 MANAGEMENT PRESENTATION 16 JULY 2026 1
Slide 2: Disclaimer
DISCLAIMER The facts and information contained herein constitute forward-looking statements as of the date they were made and based upon assumptions as to future events or circumstances that may not prove to be complete or accurate. By their nature, these statements involve risk and uncertainty beca
Slide 3: Selected lighting projects
Light & Building 2026, Frankfurt am Main, Germany APO BANK HQ, Düsseldorf, Germany PENNY sustainability branch, Weiden am See, Austria 3 American University, Cairo, Egypt Sydney Fish Market, Sydney, Australia
Slide 4: FY 2025/26 Financial Overview
ZUMTOBEL GROUP FY 2025/26 FINANCIAL FY 2025/26 OVERVIEW RESULTS IN EUR MILLION FY 2025/26 FY 2024/25 CHANGE IN % Group revenues 1,040.4 1,097.2 –5.2 Lighting Segment revenues 832.3 864.0 –3.7 Components Segment revenues 266.4 299.3 –11.0 Adjusted gross profit margin 1 37.3% 36.5% 0.8pp Adjusted EBIT
Slide 5: Market Influencers – Key Trends
MARKET INFLUENCERS – KEY TRENDS VALUE SHIFT SMART & CONNECTED DATA, SENSORS & AI • From product to solutions with • Hardware to connectivity • Luminaires become the sensor services & turnkey enabled eco-systems • AI integrated into controls and • Miniaturisation, customisation and • Scalability and
Slide 6: Delivering Added Value for Our Customers
DELIVERING ADDED VALUE FOR OUR CUSTOMERS VALUE SHIFT SMART & CONNECTED DATA, SENSORS & AI Support from the initial phase – lighting design LIGHTING and luminaire installation in the high-temperature environment of data centres. ENERGY Building optimisation: With the help of sensor data, visitor flow
Slide 7: Sustainability, Wellbeing & Environment
SUSTAINABILITY, WELLBEING & ENVIRONMENT SUSTAINABILITY WELLBEING & ENVIRONMENT Sustainability Ratings Improved energy management: Avenue of recycled Analyses of luminaire data can material reveal which rooms frequently have lights left on. Focusing on 68% Recycled material used these areas helps to
Slide 8: Securing Competitiveness Through Optimisation: ~EUR 10 Million Savings in First Year
SECURING COMPETITIVENESS THROUGH OPTIMISATION: DELIVERING EUR ~10 MILLION IN SAVINGS IN THE FIRST YEAR Lean Streamlined Shared Cost savings are ramping up 3 key levers organization processes service center year-on-year EUR 40 – 50 million from 2028/2029 onwards Net impact: EUR ~10 million Combined e
Slide 9: Update on the Components Segment
UPDATE ON THE COMPONENTS SEGMENT BUILDING WHAT'S NEXT Lighting business New business applications beyond Light New applications making POWER a change Renewable Energy & Grid Infrastructure Core ELECTRONICS Industry 4.0 / General Power business The knowledge of Tridonic – A common Semiconductors For
Slide 10: Lighting Segment
LIGHTING SEGMENT Q4: HIGHER VOLUMES, LOWER MATERIAL COSTS, AND LOWER PERSONNEL EXPENSES LED TO POSITIVE RESULTS REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. fx-adj. fx-adj. fx-adj. –7.3% –4.4% –1.9% 1.0% 10.2% 8.9% 6.4% –7.0% –5.0% –3.0% 0.8% 7.8% 3.8% 5.4% 5.4% 226.6 229.5 218.0 22.
Slide 11: Components Segment
COMPONENTS SEGMENT Q4: LOWER MATERIAL COSTS AND PERSONNEL EXPENSES UNABLE TO OFFSET THE REVENUE DECLINE REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. fx-adj. fx-adj. fx-adj. 8.4% –10.4% –11.0% –8.0% –7.7% 5.9% 8.4% 3.0% 0.3% –11.8% –12.8% –10.4% –8.8% 1.9% -0.7% -3.2% 80.3 77.0 6.5 70
Slide 12: Zumtobel Group Revenues and Adjusted EBIT
ZUMTOBEL GROUP Q4: ADJUSTED EBIT BENEFITED FROM LOWER COST DESPITE DECLINING REVENUES IN THE COMPONENTS SEGMENT REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. fx-adj. fx-adj. fx-adj. 9.2% –7.7% –5.1% –3.6% –1.0% 7.0% 7.3% 3.9% –7.8% –6.0% –5.2% –1.4% 0.3% 2.5% 2.2% 289.1 288.6 266.4 27
Slide 13: Weak Demand and Price Decline Put Pressure on Our Result
ZUMTOBEL GROUP WEAK DEMAND AND PRICE DECLINE PUT PRESSURE ON OUR RESULT ADJUSTED EBIT BRIDGE IN EUR MILLION / AS % OF SALES 4.3% –0.2pp 4.1% Mainly due to negative volume development and price Mainly due to lower material pressure costs, lower personnel 46.9 expenses and a positive product/country 7
Slide 14: Adjusted Gross Profit Margin at 37.3%
ADJUSTED GROSS PROFIT MARGIN AT 37.3% ZUMTOBEL GROUP – INCOME STATEMENT IN EUR MILLION FY 2025/26 FY 2024/25 CHANGE IN % Revenues 1,040.4 1,097.2 –5.2 Adjusted cost of goods sold –651.9 –697.0 –6.5 Adjusted gross profit (incl. development) 388.5 400.3 –3.0 Special effects as a % of revenues 37.3 36.
Slide 15: Cash Flow Statement
CASH FLOW STATEMENT ZUMTOBEL GROUP – CASH FLOW STATEMENT IN EUR MILLION FY 2025/26 FY 2024/25 Cash flow from operating results 82.6 86.4 Change in working capital 11.3 –0.3 Change in other operating items –26.7 –6.6 Taxes paid/received –5.4 –7.2 Cash flow from operating activities 61.8 72.3 Cash flo
Slide 16: Solid Balance Sheet
SOLID BALANCE SHEET ZUMTOBEL GROUP – KEY BALANCE SHEET DATA IN EUR MILLION 30 April 2026 30 April 2025 Solid liquidity position backed by: Total assets 979.7 989.6 • Consortium credit agreement with a term ending in December 2028 and a volume of EUR 125 million Net debt 128.5 118.5 (including clause
Slide 17: Current Market Outlook
CURRENT MARKET OUTLOOK Growth in non-residential Key developments Development of non-residential construction construction in 2027 until 2028 (for selected countries) ✓ The overall forecast for the Euroconstruct 1.6 countries in 2026 was downgraded as 1.2 0.9 2.4 0.9 2.3 expected 1.8 1.9 1.1 0.9 0.8
Slide 18: Full Year 2026/27 Outlook
FULL YEAR 2026/27 OUTLOOK REVENUES EXPECTED TO BE AT THE PREVIOUS YEAR'S LEVEL ADJUSTED EBIT MARGIN OF 3 – 5% CAPEX EXCL. IFRS 16 ~EUR 50 MILLION FY 2025/26 results 18
Slide 19: Back Up
BACK UP FY 2025/26 results 19
Slide 20: Group Revenues Down by 5.2% in FY 2025/26
GROUP REVENUES DOWN BY –5.2% IN FY 2025/26 ZUMTOBEL GROUP – REGIONAL REVENUE DISTRIBUTION Q4 Q4 FY FY CHANGE IN % IN EUR MILLION CHANGE IN % 2025/26 2024/25 2025/26 2024/25 NOMINAL FX ADJUSTED D/A/CH 95.8 97.1 –1.4 395.9 408.0 –3.0 –3.9 Northern and Western Europe 66.2 63.8 3.6 243.1 265.9 –8.6 –7.2
Slide 21: Financial Calendar
FINANCIAL CALENDAR DATE SUBJECT PERIOD 3 September 2026 Quarterly Report Q1 2026/27 1 May 2026 – 31 July 2026 15 September 2026 Record Date for the Annual General Meeting 25 September 2026 50th Annual General Meeting 29 September 2026 Ex-Dividend Day 30 September 2026 Record Date Dividend 2 October
Slide 22: Working Capital Development
WORKING CAPITAL DEVELOPMENT ZUMTOBEL GROUP – WORKING CAPITAL 21.0 21.5 21.0 20.7 20.6 20.8 20.8 19.7 19.8 20.4 20.4 20.0 • Working capital at EUR 216.4 million as of 30 April 2026 (30 April 2025: EUR 227.8 million) • In % of rolling 12-month revenues, working capital at 20.8% (30 April 2025: 20.8%)
Slide 23: Supplementary Data for Segment Reporting
SUPPLEMENTARY DATA FOR SEGMENT REPORTING ZUMTOBEL GROUP Lighting Segment Components Segment Reconciliation Group IN EUR MILLION FY 2025/26 FY 2024/25 FY 2025/26 FY 2024/25 FY 2025/26 FY 2024/25 FY 2025/26 FY 2024/25 Net revenues 832.3 864.0 266.4 299.3 –58.3 –66.1 1,040.4 1,097.2 External revenues 8
Slide 24: Five-Year Overview
FIVE-YEAR OVERVIEW ZUMTOBEL GROUP IN EUR MILLION 2025/26 2024/25 2023/24 2022/23 2021/22 Revenues 1,040.4 1,097.2 1,127.0 1,209.2 1,148.3 Adjusted EBIT 42.4 46.9 57.3 84.3 60.8 as a % of revenues 4.1 4.3 5.1 7.0 5.3 EBIT 23.1 33.0 49.5 84.3 60.8 as a % of revenues 2.2 3.0 4.4 7.0 5.3 Net profit/loss
Slide 25: Zumtobel Group AG
ZUMTOBEL GROUP AG Investor Relations investorrelations@zumtobelgroup.com www.zumtobelgroup.com FY 2025/26 results 25