Zumtobel Group Ag · VIE:ZAG
Zumtobel — Q1 2026 Earnings Presentation
21 slides from Zumtobel's earnings presentation, Sep 4, 2025
Slide 1: Q1 2025/26 Management Presentation
Q1 2025/26 MANAGEMENT PRESENTATION 4 September 2025 1 Photographer: Jens Ellensohn
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
Dornbirn, Austria Joynext Arena Eislöwen Dresden, Germany Shopping Center TC Usce, Belgrade, Serbia A castle at night with lights AI-generated content may be incorrect. 3 Campus Founder Lab Heilbronn, Germany UNESCO site project – Fortezza Bellinzona, Switzerland
Slide 4: Q1 2025/26 Financial Overview
Q1 2025/26 FINANCIAL OVERVIEW IN EUR MILLION Q1 2025/26 Q1 2024/25 CHANGE IN % Group revenues 266.4 289.1 –7.8 Lighting Segment revenues 210.7 226.6 –7.0 Components Segment revenues 70.9 80.3 –11.8 Adjusted gross profit 1 97.9 111.2 –12.0 Adjusted EBIT 6.6 20.2 –67.5 Net profit for the period –4.0 1
Slide 5: Closure of the Highland (USA) Production Site
CLOSURE OF THE HIGHLAND (USA) PRODUCTION SITE Situation & Measurements • Difficult economic situation and low production volume North Impact America • Facility has been unprofitable and significantly underutilized for some time South Restructuring costs • Approximately 70 employees in production, Am
Slide 6: Transformation of the Zumtobel Group into a Best-in-Class Organization
TRANSFORMATION OF THE ZUMTOBEL GROUP INTO A BEST-IN-CLASS ORGANIZATION Cost savings are ramping up year-on-year • Organizational complexity – Numerous • Simple – Reduced organizational complexity FUTURE CURRENT layers and no standardized functional • Lean – Minimized ineffeciencies and shadow bluepr
Slide 7: Lighting Segment: Adjusted EBIT Negatively Impacted by Lower Revenues
LIGHTING SEGMENT ADJUSTED EBIT WAS NEGATIVELY IMPACTED BY LOWER REVENUES DUE TO A WEAK ECONOMIC ENVIRONMENT REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. –7.3% 8.9% 7.8% –7.0% 5.4% 5.4% 1.0% 226.6 229.5 210.7 212.0 195.9 20.1 17.8 11.4 11.4 1.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024/25 2025/26
Slide 8: Components Segment: Weak Demand Hit Adjusted EBIT
COMPONENTS SEGMENT WEAK DEMAND HAD A NEGATIVE IMPACT ON THE ADJUSTED EBIT REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. 8.4% –10.4% 5.9% 3.0% –11.8% 0.3% 1.9% 80.3 77.0 70.9 69.2 72.8 6.5 4.7 2.1 1.3 0.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024/25 2025/26 2024/25 as a % of revenues 2024/25 2025/2
Slide 9: Zumtobel Group: Weak Demand Hit Adjusted EBIT in Q1 2025/26
ZUMTOBEL GROUP OVERALL WEAK DEMAND HAD A NEGATIVE IMPACT ON THE ADJUSTED EBIT IN Q1 2025/26 REVENUES IN EUR MILLION ADJUSTED EBIT IN EUR MILLION fx-adj. 7.0% 7.3% –7.7% 2.2% –7.8% -0.1% 2.5% 289.1 288.6 266.4 269.1 250.5 20.2 21.0 6.6 6.0 Q1 Q2 Q3 Q4 -0.2 Q1 Q2 Q3 Q4 2024/25 2025/26 2024/25 as a % o
Slide 10: Adj. Gross Profit Margin at 36.7%
ADJ. GROSS PROFIT MARGIN AT 36.7% ZUMTOBEL GROUP – INCOME STATEMENT IN EUR MILLION Q1 2025/26 Q1 2024/25 CHANGE IN % Revenues 266.4 289.1 –7.8 Adjusted cost of goods sold –168.5 –177.8 –5.2 Adjusted gross profit (incl. development) 97.9 111.2 –12.0 as a % of revenues 36.7 38.5 Adjusted SG&A expenses
Slide 11: Lower Cash Flow from Operating Result
LOWER CASH FLOW FROM OPERATING RESULT ZUMTOBEL GROUP – CASH FLOW STATEMENT IN EUR MILLION Q1 2025/26 Q1 2024/25 Cash flow from operating results 12.8 32.4 Change in working capital 2.2 –15.2 Change in other operating items –11.8 –14.6 Taxes paid/received –1.9 –2.6 Cash flow from operating activities
Slide 12: Solid Balance Sheet
SOLID BALANCE SHEET ZUMTOBEL GROUP – KEY BALANCE SHEET DATA IN EUR MILLION 31 July 2025 30 April 2025 Solid liquidity position backed by: Total assets 999.6 989.6 • Consortium credit agreement with a term ending in December 2028 and a volume of EUR 125 million Net debt 134.4 118.5 (including clause
Slide 13: Current Market Outlook
CURRENT MARKET OUTLOOK Growth in non-residential construction Development of non-residential construction in 2025 until 2027 (for selected countries) Development in 2025 ✓ After two years of recession, the 3.1 European non-residential construction 1.8 1.7 1.7 sector is back to at least moderate grow
Slide 14: Full Year 2025/26 Outlook
FULL YEAR 2025/26 OUTLOOK REVENUES IN SINGLE DIGIT PERCENTAGE RANGE BELOW PREVIOUS YEAR'S LEVEL ADJUSTED EBIT MARGIN OF 1 – 4% CAPEX EXCL. IFRS 16 ~EUR 50 MILLION Q1 2025/26 results 14
Slide 15: Back Up
BACK UP Q1 2025/26 results 15
Slide 16: Group Revenues Down by 7.8% in Q1 2025/26
GROUP REVENUES DOWN BY –7.8% IN Q1 2025/26 ZUMTOBEL GROUP – REGIONAL REVENUE DISTRIBUTION CHANGE IN % IN EUR MILLION Q1 2025/26 NOMINAL FX ADJUSTED D/A/CH 107.3 0.6 –1.0 Northern and Western Europe 61.2 –16.7 –16.6 Southern and Eastern Europe 70.1 –3.7 –2.9 Asia & Pacific 17.0 –27.7 –22.9 Americas &
Slide 17: Financial Calendar
FINANCIAL CALENDAR DATE SUBJECT PERIOD 16 September 2025 Record Date for the Annual General Meeting 26 September 2025 49th Annual General Meeting 30 September 2025 Ex-Dividend Day 1 October 2025 Record Date Dividend 3 October 2025 Dividend Payout Day 4 December 2025 Half-Year Financial Report 2025/2
Slide 18: Working Capital Development
WORKING CAPITAL DEVELOPMENT ZUMTOBEL GROUP – WORKING CAPITAL 21.0 21.5 21.0 20.7 20.8 19.7 19.8 20.4 20.0 • Working capital at EUR 225.2 million as of 31 July 2025 (30 April 2025: EUR 227.8 million) • In % of rolling 12-month revenues, working capital at 21.0% (Q1 2024/25: 21.5%) Q1 Q2 Q3 Q4 FY 2023
Slide 19: Supplementary Data for Segment Reporting
SUPPLEMENTARY DATA FOR SEGMENT REPORTING ZUMTOBEL GROUP Lighting Segment Components Segment Reconciliation Group IN EUR MILLION Q1 2025/26 Q1 2024/25 Q1 2025/26 Q1 2024/25 Q1 2025/26 Q1 2024/25 Q1 2025/26 Q1 2024/25 Net revenues 210.7 226.6 70.9 80.3 –15.1 –17.8 266.4 289.1 External revenues 210.3 2
Slide 20: Five-Year Overview
FIVE-YEAR OVERVIEW ZUMTOBEL GROUP IN EUR MILLION 2024/25 2023/24 2022/23 2021/22 2020/21 Revenues 1,097.2 1,127.0 1,209.2 1,148.3 1,044.5 Adjusted EBIT 46.9 57.3 84.3 60.8 45.5 as a % of revenues 4.3 5.1 7.0 5.3 4.4 EBIT 33.0 49.5 84.3 60.8 43.4 as a % of revenues 3.0 4.4 7.0 5.3 4.2 Net profit/loss
Slide 21: Zumtobel Group AG
ZUMTOBEL GROUP AG Investor Relations investorrelations@zumtobelgroup.com www.zumtobelgroup.com Q1 2025/26 results 21