Zumtobel Group Ag · VIE:ZAG
Zumtobel — Q1 2027 Earnings Presentation
18 slides from Zumtobel's earnings presentation, Sep 3, 2026
Slide 1: Q1 2026/27 Management Presentation
Q1 2026/27 MANAGEMENT PRESENTATION 3 SEPTEMBER 2026 1 Source: Elektro Weiland
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: Q1 2026/27 Financial Overview
ZUMTOBEL GROUP Q1 2026/27 FINANCIAL Q1 2026/27 OVERVIEW RESULTS IN EUR MILLION Q1 2026/27 Q1 2025/26 CHANGE IN % Group revenues 264.1 266.4 –0.9 Lighting Segment revenues 211.1 210.7 0.2 Components Segment revenues 67.5 70.9 –4.8 Adjusted gross profit margin 1 37.4% 36.7% 0.7pp Adjusted EBIT 8.2 6.6
Slide 4: Lighting Segment: Higher Volumes and Cost Savings Lead to Improved Results
LIGHTING SEGMENT HIGHER VOLUMES AND COST SAVINGS LEAD TO IMPROVED RESULTS REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. –0.3% 5.9% 10.2% 0.2% 6.4% 5.4% 3.8% 210.7 211.1 218.0 213.7 22.3 190.0 13.7 11.4 12.5 7.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2025/26 2026/27 2025/26 as a % of revenues 2025/26
Slide 5: Components Segment: Lower Material Costs Offset the Revenue Decline
COMPONENTS SEGMENT LOWER MATERIAL COSTS OFFSET THE REVENUE DECLINE REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. 8.4% –5.2% 2.1% –4.8% -0.7% 1.9% -3.2% 70.9 67.5 67.2 66.4 5.6 62.0 1.3 1.4 Q1 Q2 Q3 Q4 -0.4 -2.0 Q1 Q2 Q3 Q4 2025/26 2026/27 2025/26 as a % of revenues 2025/26 2026/27 as
Slide 6: Adjusted EBIT Benefits From Lower Cost Despite Declining Revenues in Components
ZUMTOBEL GROUP ADJUSTED EBIT BENEFITS FROM LOWER COST DESPITE DECLINING REVENUES IN THE COMPONENTS SEGMENT REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. –1.4% 9.2% 3.1% –0.9% 3.9% 2.5% 266.4 264.1 271.2 265.4 237.4 25.0 0.3% 10.2 8.2 6.6 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2025/26 2026/27 202
Slide 7: Adjusted Gross Profit Margin at 37.4%
ADJUSTED GROSS PROFIT MARGIN AT 37.4% ZUMTOBEL GROUP – INCOME STATEMENT IN EUR MILLION Q1 2026/27 Q1 2025/26 CHANGE IN % Revenues 264.1 266.4 –0.9 Adjusted cost of goods sold –165.2 –168.5 –2.0 Adjusted gross profit (incl. development) 98.9 97.9 1.0 as a % of revenues 37.4 36.7 0.7pp Adjusted SG&A e
Slide 8: Cash Flow Statement
CASH FLOW STATEMENT ZUMTOBEL GROUP – CASH FLOW STATEMENT IN EUR MILLION Q1 2026/27 Q1 2025/26 Cash flow from operating results 20.8 12.8 Change in working capital –13.6 2.2 Change in other operating items –10.0 –11.8 Taxes paid/received –1.4 –1.9 Cash flow from operating activities –4.2 1.3 Cash flo
Slide 9: Solid Balance Sheet
SOLID BALANCE SHEET ZUMTOBEL GROUP – KEY BALANCE SHEET DATA IN EUR MILLION 31 July 2026 30 April 2026 Solid liquidity position backed by: Total assets 993.3 979.7 • Consortium credit agreement with a term ending in December 2028 and a volume of EUR 125 million Net debt 148.1 128.5 (including clause
Slide 10: 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 0.9 2.4 2.3 expected 1.8 1.9 1.1 0.9 0.8
Slide 11: 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 Q1 2026/27 results 12
Slide 12: Back Up
BACK UP Q1 2026/27 results 13
Slide 13: Group Revenues Down by -0.9% in Q1 2026/27
GROUP REVENUES DOWN BY –0.9% IN Q1 2026/27 ZUMTOBEL GROUP – REGIONAL REVENUE DISTRIBUTION CHANGE IN % IN EUR MILLION Q1 2026/27 Q1 2025/26 NOMINAL FX ADJUSTED D/A/CH 101.9 107.3 –5.0 –5.7 Northern and Western Europe 62.8 61.2 2.5 2.9 Southern and Eastern Europe 67.1 70.1 –4.4 –4.5 Asia & Pacific 19.
Slide 14: Financial Calendar
FINANCIAL CALENDAR DATE SUBJECT PERIOD 25 September 2026 50th Annual General Meeting 3 December 2026 Half-Year Financial Report 2026/27 1 May 2026 – 31 October 2026 4 March 2027 Quarterly Report Q1–Q3 2026/27 1 May 2026 – 31 January 2027 Q1 2026/27 results 15
Slide 15: Working Capital Development
WORKING CAPITAL DEVELOPMENT ZUMTOBEL GROUP – WORKING CAPITAL 22.2 21.5 21.0 20.7 20.6 20.4 20.4 20.8 20.8 • Working capital at EUR 230.0 million as of 31 July 2026 (30 April 2026: EUR 216.4 million) • In % of rolling 12-month revenues, working capital at 22.2% (Q1 2025/26: 21.0%) Q1 Q2 Q3 Q4 FY 2024
Slide 16: Supplementary Data for Segment Reporting
SUPPLEMENTARY DATA FOR SEGMENT REPORTING ZUMTOBEL GROUP Lighting Segment Components Segment Reconciliation Group IN EUR MILLION Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Q1 2026/27 Q1 2025/26 Net revenues 211.1 210.7 67.5 70.9 –14.5 –15.1 264.1 266.4 External revenues 210.7 2
Slide 17: 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 18: Zumtobel Group AG
ZUMTOBEL GROUP AG Investor Relations investorrelations@zumtobelgroup.com www.zumtobelgroup.com Q1 2026/27 results 19