Business
Zumtobel : H1 2025/26 Half-Year Financial Report
Zumtobel : H1 2025/26 Half-Year Financial
About this update from Zumtobel Group Ag
H1 2025/26 Half-Year Financial Report (May 2025 - October 2025) Overview of the First Half-Year 2025/26 Key Data in EUR million Q2 2025/26 Q2 2024/25 Change in % H1 2025/26 H1 2024/25 Change in % Revenues 271.2 288.6 -6.0 537.6 577.6 -6.9 Adjusted EBITDA 38.5 34.3 12.1 58.5 67.7 -13.6 as a % of revenues 14.2 11.9 10.9 11.7 EBITDA 39.7 25.8 53.7 52.5 57.7 -9.2 as a % of revenues 14.6 8.9 9.8 10.0 Adjusted EBIT 25.0 21.0 19.3 31.6 41.2 -23.4 as a % of revenues 9.2 7.3 5.9 7.1 Special effects -3.5 -9.7 -10.8 -11.2 3.2 EBIT 21.5 11.2 91.9 20.7 30.0 -30.9 as a % of revenues 7.9 3.9 3.9 5.2 Net profit for the period 17.4 5.6 >100 13.5 18.4 -26.9 as a % of revenues 6.4 2.0 2.5 3.2 Cash flow from operating results 39.9 25.7 55.0 52.7 58.1 -9.4 CAPEX 11.2 15.6 -28.1 24.6 29.0 -15.1 thereof CAPEX excl. IFRS 16 9.8 11.0 -10.9 21.9 22.6 -3.3 Total assets 31 Oct 2025 1,005.9 30 April Change 2025 in % 989.6 1.7 Equity 430.6 424.9 1.3 Equity ratio in % 42.8 42.9 Net debt 120.0 118.5 1.3 Headcount incl. contract worker (full-time equivalent) 5,214 5,299 -1.6 Development of business by quarter Revenues development (in EUR million) Adjusted EBIT development -7.8% -6.0% 266.4 271.2 250.5 269.1 289.1 288.6 9.2% 6.6 6.0 21.0 7.0% 7.3% 2.2% 2.5% 25.0 20.2 -0.1% Q1 Q2 Q3 Q4 Q1 Q2 -0.2 Q3 Q4 Revenues FY 2024/25 Revenues FY 2025/26 Adjusted EBIT FY 2024/25 in % of revenues Adjusted EBIT FY 2025/26 in % of revenues Adjusted EBIT FY 2024/25 in EUR million Adjusted EBIT FY 2025/26 in EUR million Letter to Shareholders Dear Shareholders, The economic environment in the first half of our 2025/26 financial year was marked by great uncer tainty. Key core markets remained weak and the construction industry is still confronted with low momentum in the non-residential sector, even though we can now see the first signs of an end to the recession. The professional lighting market, which reacts with a delay to economic cycles, has not been able to benefit from the expected recovery up to now. This challenging economic environment was reflected in subdued performance by the Zumtobel Group: Revenues declined by 6.9% to EUR 537.6 million in the first half year. In the Lighting Segment, Group revenues fell by 6.0% to EUR 428.7 million (H1 2024/25: EUR 456.1 million). Positive contributions from parts of the D/A/CH region and Southern and Eastern Europe were unable to offset the weaker demand i...