Zumtobel : Q1-Q3 2025/26 Interim Report

About this update from Zumtobel Group Ag

‌Q1-Q3‌‌ 2025/26 Quarterly Report (May 2025 - January 2026) Overview of the Third Quarter of 2025/26 Key Data in EUR million Q3 2025/26 Q3 2024/25 Change in % Q1-Q3 2025/26 Q1-Q3 2024/25 Change in % Revenues 237.4 250.5 -5.2 775.0 828.1 -6.4 Adjusted EBITDA 13.8 13.4 3.2 72.3 81.1 -10.8 as a % of revenues 5.8 5.3 9.3 9.8 EBITDA 11.9 11.1 7.6 64.4 68.8 -6.5 as a % of revenues 5.0 4.4 8.3 8.3 Adjusted EBIT 0.6 -0.2 >100 32.2 41.0 -21.5 as a % of revenues 0.3 -0.1 4.2 4.9 Special effects -1.8 -1.9 -12.7 -13.1 3.5 EBIT -1.2 -2.1 42.3 19.5 27.8 -30.0 as a % of revenues -0.5 -0.9 2.5 3.4 Net profit for the year -4.5 -5.4 16.3 9.0 13.0 -31.3 as a % of revenues -1.9 -2.1 1.2 1.6 Cash flow from operating results 11.9 11.0 8.0 64.6 69.2 -6.6 CAPEX 11.3 36.4 -68.8 36.0 65.4 -45.0 thereof CAPEX excl. IFRS 16 10.1 12.6 -19.5 32.0 35.2 -9.1 Total assets 31 January 2026 30 April 2025 Change in % 982.9 989.6 -0.7 Equity 426.2 424.9 0.3 Equity ratio in % 43.4 42.9 Net debt 131.1 118.5 10.6 Headcount incl. contract worker (full-time equivalent) 5,148 5,299 -2.9 Development of business by quarter Revenues development (in EUR million) Adjusted EBIT development -7.8% -6.0% -5.2% 266.4 250.5 269.1 237.4 289.1 288.6 271.2 9.2% 7.0% 7.3% 2.2% 0.3% 2.5% 20.2 21.0 25.0 -0.1% 6.6 6.0 0.6 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 first three quarters of our 2025/26 financial year were influenced by the challenging economic environment. Demand remained below the previous year in nearly all of our relevant markets. Ongoing weakness, especially in the non-residential construction sector, and delayed investment decisions had a negative impact on business development. Revenue growth was only recorded by the America & MEA region. In this largely unfavourable operating environment, the Zumtobel Group recorded a 6.4% decline revenues to EUR 775.0 million in Q1-Q3 2025/26. Revenues in the Lighting Segment fell by 5.1% year-on-year to EUR 618.6 million. Positive impulses from parts of America & MEA and from South and Eastern Europe were unable to offset the generally weaker demand in our core markets. Revenues in the Components Segment declined by 11.7% to EUR 200.0 million and reflected the difficult climate in the industrial sector. Operational discipline represented a positive highlight: Both material and personnel costs declined during the reporting period. The first measures from our efficiency programme have started to take effect. The adjusted gross profit margin improved to 37.3%, and adjusted selling and administrative expenses were reduced below the previous year's level. This development underscores the consequent implementation of our efficiency programme, which is designed to structurally improve our cost base and sustainably strengthen our competitive ability. Adjusted EBIT recorded by the Zumtobel Group totalled EUR 32.2 million in Q1-Q3 2025/26, which represents an adjusted EBIT margin of 4.2%. The lower margin resulted primarily from the revenue decline in the Components Segment which was not fully offset by cost reductions. A differentiated view by segment shows a robust picture in the Lighting Segment: Here, adjusted EBIT rose slightly to EUR 41.0 million. Savings in material and fixed costs together with efficiency measures had a stabilising effect and led to an improvement in profitability. The Components Segment, in contrast, reported a decline in adjusted EBIT to EUR 5.0 million due to the stronger decline in revenues. At this point, I would like to mention the Zumtobel Group's upcoming participation in three leading international trade fairs - the EuroShop 2026 in Düsseldorf, the Data Centre World 2026 in London and the Light + Building 2026 in Frankfurt am Main. This participation will further develop our market positions in high-margin segments like retail, data centre, smart buildings and urban infrastructure and increase the visibility of our sustainable, energy efficient lighting solutions as a value driver for real estate and infrastructure investments. Our involvement in these trade fairs underscores our claim to transform regulatory impulses like the coming EU efficiency requirements into concrete, profitable growth, to expand and broaden our international customer relations, and to further strengthen our position as a sustainable solution provider with a scalable business model. The market climate remains influenced by structural and geopolitical changes. Investment activity in the non-residential construction sector is increasing, but global trade shifts, regulatory differences and the regionalisation of supply chains increase planning uncertainty and lead to more aggressive competition. At the same time, long-term transformation trends that are essential for our business model are gaining speed. The growing regulatory focus on the reduction of CO ₂ emissions, ambitious energy efficiency requirements in the EU and the rising demand for intelligent, integrated building solutions create structural opportunities for innovative lighting solutions and control systems. Digitalisation, data-based services and sustainable product architectures will become decisive differentiation factors for the professional lighting market. We are focusing the Zumtobel Group consequently on these future fields, targeting our investments in energy-efficient technologies, smart lighting solutions and optimised value creation processes to create the basis for resilience in a volatile environment and long-term profitable growth. Dear Shareholders: On behalf of the Zumtobel Group, I would like to thank you for your continuing confidence. Alfred Felder Chief Executive Officer (CEO) Group Management Report Development of revenues in the first three quarters of 2025/26 >> Decline of 6.4% in Group revenues (FX-adjusted -5.6%) >> Lighting Segment revenues 5.1% below previous year >> Components Segment revenues 11.7% lower year-on-year >> Adjusted EBIT totals EUR 32.2 million Income statement in EUR million Q3 2025/26 Q3 2024/25 Change in % Q1-Q3 2025/26 Q1-Q3 2024/25 Change in % Revenues Lighting Segment 190.0 195.9 -3.0 618.6 652.0 -5.1 Revenues Components Segment 62.0 69.2 -10.4 200.0 226.6 -11.7 Reconciliation -14.5 -14.7 -0.9 -43.7 -50.5 -13.5 Revenues 237.4 250.5 -5.2 775.0 828.1 -6.4 Adjusted Cost of goods sold -151.6 -165.9 -8.6 -486.3 -523.2 -7.1 Adjusted Gross profit 85.9 84.6 1.5 288.7 304.9 -5.3 as a % of revenues 36.2 33.8 37.3 36.8 Adjusted SG&A expenses -85.3 -84.8 0.6 -256.6 -263.9 -2.8 Adjusted EBIT Lighting Segment 7.2 1.9 >100 41.0 39.9 2.7 as a % of segment revenues 3.8 1.0 6.6 6.1 Adjusted EBIT Components Segment -2.0 2.1 <-100 5.0 13.3 -62.4 as a % of segment revenues -3.2 3.0 2.5 5.9 Reconciliation -4.7 -4.2 10.3 -13.8 -12.2 13.0 Adjusted EBIT 0.6 -0.2 >100 32.2 41.0 -21.5 as a % of revenues 0.3 -0.1 4.2 4.9 Special effects -1.8 -1.9 -12.7 -13.1 EBIT Lighting Segment 5.4 -0.1 >100 32.7 26.6 22.7 as a % of segment revenues 2.8 -0.1 5.3 4.1 EBIT Components Segment -2.0 2.2 <-100 1.7 13.4 -87.3 as a % of segment revenues -3.2 3.2 0.9 5.9 Reconciliation -4.7 -4.2 10.3 -14.9 -12.2 22.0 EBIT -1.2 -2.1 42.4 19.5 27.8 -30.0 as a % of revenues -0.5 -0.9 2.5 3.4 Financial results -3.8 -3.8 1.8 -9.5 -13.3 28.6 Profit before tax -5.0 -6.0 16.3 10.0 14.5 -31.3 Income taxes 0.5 0.6 -16.3 -1.0 -1.4 -31.3 Net profit for the period -4.5 -5.4 16.3 9.0 13.0 -31.3 Earnings per share (in EUR) -0.10 -0.13 19.2 0.22 0.31 -29.8 For information: EBITDA (EBIT plus depreciation and amortisation) totalled EUR 64.4 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 68.8 million). Revenue decline of 6.4% Lighting Segment revenues fall by 5.1% Components Segment with revenue minus of 11.7% Adjusted EBIT falls to EUR 32.2 million Special effects of EUR -12.7 million Revenues recorded by the Zumtobel Group declined by 6.4% to EUR 775.0 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 828.1 million). The still challenging economic environment was reflected in earnings weakness across nearly all Group regions, with the exception of America & MEA. After an adjustment for foreign exchange effects, the decline equalled 5.6%. In the Lighting Segment, revenues fell by 5.1% to EUR 618.6 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 652.0 million). Higher revenues in parts of the America & MEA region and in Southern and Eastern Europe were unable to offset the generally negative trend. The Components Segment reported a year-on-year decline of 11.7% in revenues to EUR 200.0 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 226.6 million). Apart from America & MEA, all other regions were confronted with declining revenues due to the difficult economic environment Revenues in EUR million Q3 2025/26 Q3 2024/25 Change in % Q1-Q3 2025/26 Q1-Q3 2024/25 Change in % in % of Group D/A/CH 86.5 93.8 -7.8 300.2 310.9 -3.5 38.7 Northern and Western Europe 52.8 55.7 -5.1 177.0 202.1 -12.4 22.8 Southern and Eastern Europe 62.2 64.8 -4.0 201.0 206.9 -2.8 25.9 Asia & Pacific 19.7 21.6 -8.8 54.3 66.8 -18.7 7.0 Americas & MEA 16.2 14.5 11.7 42.5 41.4 2.7 5.5 Total 237.4 250.5 -5.2 775.0 828.1 -6.4 100.0 The adjusted cost of goods sold reflects a reduction in both material and personnel costs during Q1-Q3 2025/26. Adjusted development costs fell by EUR 1.7 million to EUR 50.9 million in this same period (Q1-Q3 2024/25: EUR 52.6 million) and, as a result, the adjusted gross profit margin rose to 37.3% (Q1-Q3 2024/25: 36.8%). Adjusted selling and administrative expenses (incl. research) improved to EUR -256.6 million, compared with EUR -263.9 million in Q1-Q3 2024/25. Adjusted EBIT for the Zumtobel Group fell from EUR 41.0 million in Q1-Q3 2024/25 to EUR 32.2 million in Q1-Q3 2025/26, and the adjusted EBIT margin equalled 4.2% (Q1-Q3 2024/25: 4.9%). The margin decline reflected the loss of revenues in the Components Segment which was not fully offset by cost savings. Adjusted EBIT in the Lighting Segments rose from EUR 39.9 million in the first three quarters of the previous year to EUR 41.0 million in Q1-Q3 2025/26. Material and fixed cost reductions more than offset the decline in revenues. The challenging market situation was responsible for a decline in revenues and the margin in the Components Segment. Adjusted EBIT in the Components Segments fell from EUR 13.3 million to EUR 5.0 million in Q1-Q3 2025/26. Negative special effects of EUR -12.7 million were recognised in Q1-Q3 2025/26. They consist primarily of restructuring costs for the termination of production in Highland, New York (EUR -5.3 million) and for the efficiency programme (EUR -1.7 million). The recognised special effects also include the write-off of goodwill in the CGU Components (EUR -2.0 million), write-downs to capitalised development projects (EUR -2.7 million), and an investment grant received from the Portuguese government (EUR 1.4 million). EBIT recorded by the Zumtobel Group fell to EUR 19.5 million (Q1-Q3 2024/25: EUR 27.8 million), and the EBIT margin equalled 2.5% in Q1-Q3 2025/26 (Q1-Q3 2024/25: 3.4%). Financial result in EUR million Q3 2025/26 Q3 2024/25 Change in % Q1-Q3 2025/26 Q1-Q3 2024/25 Change in % Interest expense -2.8 -2.7 3.2 -7.4 -8.3 -10.4 Interest income 0.1 0.2 -41.9 0.5 0.5 -7.1 Net financing costs -2.7 -2.5 6.1 -6.9 -7.8 10.6 Other financial income and expenses -1.1 -1.3 16.9 -2.6 -5.6 -53.6 Financial results -3.8 -3.8 1.8 -9.5 -13.3 28.6 Financial results amounted to EUR -9.5 million (Q1-Q3 2024/25: EUR -13.3 million). Interest expense consisted chiefly of interest expense for current credit agreements, factoring and leasing agreements and totalled EUR -6.9 million (Q1-Q3 2024/25: EUR -7.8 million). The decline is attributable, above all, to lower market interest rates. The other financial income and expenses of EUR -2.6 million consisted primarily of the interest expense on pension obligations, the earnings effects from exchange rate changes and the measurement of hedges. Profit before tax for the reporting period totalled EUR 10.0 million (Q1-Q3 2024/25: EUR 14.5 million), and income taxes equalled EUR -1.0 million (Q1-Q3 2024/25: EUR -1.4 million). Net profit for the reporting period declined to EUR 9.0 million (Q1-Q3 2024/25: EUR 13.0 million). Earnings per share for the shareholders of Zumtobel Group AG (basic EPS based on 42.3 million shares) equalled EUR 0.22 (Q1-Q3 2024/25: EUR 0.31). Cash flow Cash flow statement in EUR million Q3 2025/26 Q3 2024/25 Change in % Q1-Q3 2025/26 Q1-Q3 2024/25 Change in % Cash flow from operating results 11.9 11.0 8.0 64.6 69.2 -6.6 Change in working capital 5.7 7.4 -22.6 15.1 1.2 >100 Change in other operating items -16.2 -2.8 <-100 -36.4 -16.2 <-100 Income taxes paid -0.1 -0.5 78.2 -6.5 -5.3 -21.8 Cash flow from operating activities 1.3 15.1 -91.3 36.8 48.8 -24.5 Cash flow from investing activities -9.6 -12.5 22.8 -31.4 -33.1 5.3 FREE CASH FLOW -8.3 2.6 <-100 5.4 15.6 -65.3 Cash flow from financing activities 1.4 -15.7 >100 10.0 -36.3 >100 CHANGE IN CASH AND CASH EQUIVALENTS -7.0 -13.1 46.7 15.4 -20.6 >100 Cash flow from operating results declined year-on-year from EUR 69.2 million to EUR 64.6 million, chiefly due to the reduction in revenues. Cash outflows from the changes in other operating positions amounted to EUR -36.4 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR -16.2 million) and resulted mainly from lower provisions for variable salary components and restructuring. Cash flow from operating activities totalled EUR 36.8 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 48.8 million). Cash flow from investing activities amounted to EUR -31.4 million (Q1-Q3 2024/25: EUR -33.1 million). In addition to investments in property, plant and equipment, this position also included investments of EUR 11.5 million (Q1-Q3 2024/25: EUR 9.7 million) for capitalised development costs. Financial results above previous year Net profit totals EUR 9.0 million Free cash flow at EUR 5.4 million Solid balance sheet structure Free cash flow declined to EUR 5.4 million in the reporting period (Q1-Q3 2024/25: EUR 15.6 million). Cash flow from financing activities totalled EUR 10.0 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR -36.3 million). The year-on-year change resulted primarily from the increased use of the consortium credit agreement and the loan from the European Investment Bank. A further effect resulted from the reduced dividend payment. Asset position Balance sheet data in EUR million 31 January 2026 30 April 2025 Total assets 982.9 989.6 Net debt 131.1 118.5 Debt coverage ratio 1.59 1.36 Equity 426.2 424.9 Equity ratio in % 43.4 42.9 Gearing in % 30.8 27.9 CAPEX 36.0 89.7 thereof CAPEX excl. IFRS 16 32.0 54.2 Working capital 212.6 227.8 As a % of rolling 12 month revenues 20.4 20.8 The balance sheet total of the Zumtobel Group equalled EUR 982.9 million as of 31 January 2026 and nearly reflected the level at the last balance sheet date on 30 April 2025 (EUR 989.6 million). Working capital totalled EUR 212.6 million as of 31 January 2026 and was EUR 15.2 million lower than on 30 April 2025 (EUR 227.8 million). The main driver compared with 30 April 2025 involved the reduction of trade receivables. As a per cent of rolling 12-month revenues, working capital declined slightly from 20.8% to 20.4%. The equity ratio rose to 43.4% as of 31 January 2026 (30 April 2025: 42.9%). Equity increased slightly over the level on 30 April 2025 by EUR 1.3 million from EUR 424.9 million to EUR 426.2 million. Net liabilities totalled EUR 131.1 million as of 31 January 2026 (30 April 2025: EUR 118.5 million). The balance sheet structure of the Zumtobel Group remains stable and strong. Outlook for the 2025/26 financial year >> Revenue decline in the single-digit percentage range confirmed >> Revised guidance: adjusted EBIT margin between 2.5% and 4% (previously: between 1% and 4%) The market environment remains challenging - for the Zumtobel Group and for other market participants - because economic developments in the Group's key markets are currently impossible to predict. The geopolitical situation is still tense and the impact of US tariff policies - although the direct effects on the Zumtobel Group are minimal because only a very low share of revenue is generated in that market - could further increase competition and slow growth. This directly affects the Zumtobel Group as well as customers who have decided to postpone new construction projects or outsource outside Europe. Demand for the Zumtobel Group's products and services, especially in the new construction sector, is still weak and has been reflected longer customer decision cycles and project delays that additionally impair business activity. In contrast, positive factors include the initiatives at the EU level and in Germany which will strengthen the sector in the future and could contribute to an upturn. The management of the Zumtobel Group continues to see the current geopolitical and economic situation as stressed and difficult to forecast. That makes it difficult to predict economic developments in the 2025/26 financial year. Against this backdrop and with reference to the above-mentioned uncertainties, the Management Board of Zumtobel Group still expects a revenue decline in the single-digit percentage range for the 2025/26 financial year. The adjusted EBIT margin was previously expected to range from 1% to 4%, but management is now issuing more precise guidance with an adjusted EBIT margin of 2.5% to 4%. Dornbirn, 5 March 2026 The Management Board Outlook on 2025/26: Revenue decline in the single-digit percentage range and adjusted EBIT margin of 2.5-4% Alfred Felder Chief Executive Officer (CEO) Thomas Erath Chief Financial Officer (CFO) Bernard Motzko Chief Operating Officer (COO) Marcus Frantz Chief Digital Transformation Officer (CDTO) ‌Consensed Consolidated Interim Financial Statements as of 31 January 2026 Zumtobel Group AG has adjusted the scope of the interim reports due to the changed requirements of the "Prime Market Rules" of the Vienna Stock Exchange for first and third quarter interim reporting. Financial information presented in the interim repor t for the third quarter of 2025/26 is fundamentally based on the same accounting and valuation methods underlying the consolidated financial statements of the Zumtobel Group AG for the 2024/25 financial year. Consolidated Income Statement in TEUR Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 Revenues 237,432 250,467 775,012 828,093 Cost of goods sold (152,360) (166,581) (494,452) (533,407) Gross profit 85,072 83,886 280,560 294,686 Selling expenses (76,323) (78,064) (231,311) (238,692) Administrative expenses (11,040) (12,453) (34,478) (33,782) Other operating income 987 4,358 6,690 6,120 Other operating expenses 70 135 (1,978) (495) Operating profit (1,234) (2,138) 19,483 27,837 Interest expense (2,768) (2,682) (7,430) (8,288) Interest income 92 159 498 536 Other financial income and expenses (1,080) (1,300) (2,595) (5,592) Financial results (3,756) (3,823) (9,527) (13,344) Profit before tax (4,990) (5,961) 9,956 14,493 Income taxes 499 596 (996) (1,449) Net profit/loss for the period (4,491) (5,365) 8,960 13,044 thereof due to non-controlling interests (177) (65) (241) (172) thereof due to shareholders of the parent company (4,314) (5,300) 9,201 13,216 Average number of shares outstanding - basic (in 1,000 pcs.) 42,338 42,037 42,338 42,671 Average number of shares outstanding - diluted (in 1,000 pcs.) 42,338 42,037 42,338 42,671 Earnings per share (in EUR) Earnings per share (diluted and basic) (0.10) (0.13) 0.22 0.31 Consolidated Balance Sheet in TEUR 31 Jan. 2026 30 April 2025 Goodwill 194,730 196,124 Other intangible assets 57,449 53,552 Property, plant and equipment 271,894 284,965 Financial assets 3,564 4,042 Other assets 2,909 3,009 Deferred taxes 37,778 33,826 Non-current assets 568,324 575,518 Inventories 178,090 176,898 Trade receivables 141,467 162,435 Financial assets 1,516 2,757 Other assets 38,399 33,039 Liquid funds 55,127 38,935 Current assets 414,599 414,064 ASSETS 982,923 989,582 Share capital 107,867 107,867 Additional paid-in capital 331,620 331,620 Reserves (13,751) (15,441) Capital attributed to shareholders of the parent company 425,736 424,046 Capital attributed to non-controlling interests 443 859 Equity 426,179 424,905 Provisions for pensions 41,017 44,406 Provisions for termination benefits 32,964 34,273 Provisions for other employee benefits 7,415 7,629 Other provisions 14,785 16,870 Borrowings 161,936 133,844 Other liabilities 20,369 19,910 Deferred taxes 3,113 3,160 Non-current liabilities 281,599 260,092 Provisions for taxes 11,454 11,905 Other provisions 23,893 31,489 Borrowings 25,629 25,019 Trade payables 86,500 93,300 Other liabilities 127,669 142,872 Current liabilities 275,145 304,585 EQUITY AND LIABILITIES 982,923 989,582 Consolidated Cash Flow Statement in TEUR Q1-Q3 2025/26 Q1-Q3 2024/25 Profit before tax 9,956 14,493 Depreciation and amortisation 40,150 39,893 Impairment of property, plant and equipment and intangible assets 4,764 1,118 Gain/loss on the disposal of property, plant and equipment and intangible assets 222 (113) Other non-cash financial results 2,595 5,592 Interest income/ Interest expense 6,932 7,752 Changes in the scope of consolidation 0 444 Cash flow from operating results 64,619 69,179 Inventories (1,936) (8,184) Trade receivables 21,346 23,815 Trade payables (6,515) (19,284) Prepayments received 2,207 4,805 Change in working capital 15,102 1,152 Non-current provisions (10,051) (9,063) Current provisions (7,516) 5,263 Other assets (4,778) (1,497) Other liabilities (14,067) (10,921) Change in other operating items (36,412) (16,218) Income taxes paid (6,500) (5,335) Cash flow from operating activities 36,809 48,778 Cash inflows from the disposal of property, plant and equipment and other intangible assets 78 374 Cash outflows for the purchase of property, plant and equipment and other intangible assets (31,984) (35,181) Change in non-current and current financial assets 16 1,121 Interest received 503 549 Cash flow from investing activities (31,387) (33,137) FREE CASH FLOW 5,422 15,641 Cash proceeds from non-current and current borrowings 50,283 25,000 Cash repayments of non-current and current borrowings (26,538) (39,259) Dividend paid to shareholders of the parent company (6,351) (10,681) Dividend paid to non-controlling interests (142) (333) Share buyback 0 (3,018) Interest paid (7,271) (7,959) Cash flow from financing activities 9,981 (36,250) CHANGE IN CASH AND CASH EQUIVALENTS 15,403 (20,609) Cash and cash equivalents at the beginning of the period 27,494 47,625 Cash and cash equivalents at the end of the period 42,125 27,244 Effects of exchange rate changes on cash and cash equivalents (772) 228 Change absolute 15,403 (20,609) Service General Information The use of automatic data processing equipment can lead to rounding differences. Financial Terms CAPEX Capital expenditure Debt coverage ratio = Net debt divided by EBITDA EBIT Earnings before interest and taxes Adjusted EBIT EBIT adjusted for special effects Adjusted EBIT margin = Adjusted EBIT as a percentage of revenues EBITDA Earnings before interest, taxes, depreciation and amortisation Adjusted EBITDA EBITDA adjusted for special effects Equity ratio = Equity as a percentage of assets Gearing = Net debt as a percentage of equity Net debt = Non-current borrowings + current borrowings - liquid funds current financial receivables from associated companies - receivables from credit institutions from a continuing involvement based on the factoring agreement Working capital = Inventories + trade receivables - trade payables - prepayments received customer bonuses, discounts and rebates Financial Calendar Annual Results 2025/26 (1 May 2025 - 30 April 2026) 16 July 2026 Quarterly Report Q1 2026/27 (1 May 2026 - 31 July 2026) 03 September 2026 Record Date for the Annual General Meeting 15 September 2026 50 th Annual General Meeting 25 September 2026 Ex-Dividend Day 29 September 2026 Record Date Dividend 30 September 2026 Dividend Payout Day 02 October 2026 Half-Year Financial Report 2026/27 (1 May 2026 - 31 October 2026) 03 December 2026 Quarterly Report Q1 - Q3 2026/27 (1 May 2026 - 31 January 2027) 04 March 2027 Contact Information Investor Relations Eric Schmiedchen Head of Investor Relations Telephone +43 (0)5572 509 1125 E-Mail [email protected] Press / Corporate Communication Sandra Schuster Head of Group Communications & Public Affairs Telephon +43 (0) 664 80892 6059 E-Mail [email protected] Financial Reports Our financial reports are available in English and German for download under: https://z.lighting/ More Information on Zumtobel Group AG and our brands can be found on the Internet under: https://z.lighting/ Imprint Publisher: Zumtobel Group AG, Investor Relations, Eric Schmiedchen Coordination Financials: Alexander Tolksdorf Translation: Donna Schiller-Margolis Copyright: Zumtobel Group AG 2026 Produced in-house with FIRE.sys Disclaimer This report includes statements on future developments, which are based on information available at the present time and involve risks and uncertainties that could cause the results realised at a later date to vary from these forward-looking statements. These statements on future developments are normally characterised by expressions like "preview", "outlook", "believe", "expect", "estimate", "intend", "plan", "goal", "evaluation", "can/could", "become" or similar terms or can be interpreted as a statement on future developments because of the context.The statements on future developments are not to be understood as guarantees. On the contrary, future developments and results are dependent on a wide range of factors and connected with various risks and incalculable events. They are also based on assumptions that may prove to be incorrect. Included here, for example, are unforeseeable changes in the political, economic and business environment, especially in the regions where the Zumtobel Group operates as well as the competitive situation, interest rates and foreign exchange rates, technological developments and other risks and incalculable events. Risks may also arise as a result of price developments, unforeseeable events in the operating environments of acquired companies or Group companies as well as ongoing cost optimisation programmes. Neither the Zumtobel Group nor any persons involved in the preparation of this report accepts any liability whatsoever for the correctness and completeness of the statements on future developments contained in this report.The Zumtobel Group does not plan to update these forward-looking statements. The report is also presented in English, but only the German text is binding. This report does not represent a recommendation or invitation to buy or sell securities issued by the Zumtobel Group.

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