Business
Zumtobel : Q1-Q3 2025/26 press release
Zumtobel : Q1-Q3 2025/26 press
About this update from Zumtobel Group Ag
Q1 - Q3 2025/26 ZUMTOBEL GROUP PRESENTS RESULTS FOR THE FIRST NINE MONTHS Press Release Dornbirn, 5 March 2026 Group revenues decline by 6.4% to EUR 775 million Adjusted EBIT at EUR 32.2 million (Q1-Q3 2024/25: EUR 41.0 million) Adjusted EBIT margin equals 4.2% (Q1-Q3 2024/25: 4.9%) Positive net profit of EUR 9.0 million after nine months (Q1-Q3 2024/25: EUR 13.0 million) Revised guidance: Adjusted EBIT margin now between 2.5% and 4% (previous: 1-4%) Dornbirn, Austria - The first three quarters of the 2025/26 financial year were influenced by a challenging economic environment. Demand remained below the previous year in nearly all relevant regions for the Zumtobel Group. Ongoing weakness, especially in the non-residential construction sector, and delayed investment decisions had a negative impact on business development. Against this backdrop, the company recorded a decline of 6.4% in 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 (Q1-Q3 2024/25: EUR 652.0 million). Positive impulses from parts of America & MEA and from South and Eastern Europe were unable to offset the generally weaker demand. The difficult climate in the industrial sector was responsible for a decline of 11.7% in revenues for the Components Segment to EUR 200.0 million (Q1-Q3 2024/25: EUR 226.6 million). However, the negative trend eased slightly during the third quarter, and the decline was reduced from the first half year (Lighting Segment: -6.0%, Components Segment: -12.3%). The reporting period brought a reduction in both material and personnel costs. Adjusted development costs fell by EUR 1.7 million to EUR 50.9 million (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. "We can now see the first results of our efficiency programme: This steady focus will sustainably strengthen our competitive ability and optimise the structure of our cost basis", explained Alfred Felder, CEO of the Zumtobel Group. Adjusted EBIT recorded by the Zumtobel Group totalled EUR 32.2 million in Q1-Q3 2025/26 (Q1-Q3 2024/25: EUR 41.0 million) and represents an adjusted EBIT margin of 4.2% (Q1-Q3 2024/25: 4.9%). The slight decrease in the margin resulted primarily from a revenue decline in the Components Segment which was not fully offset by cost reductions. A differentiated view by segment shows a positive picture in the Lighting Segment: In spite of the decline in revenues, adjusted EBIT rose slightly to EUR 41.0 million (Q1-Q3 2024/25: EUR 39.9 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 (Q1-Q3 2024/25: EUR 13.3 million) due to the challenging market situation. Earnings burdened by negative special effects 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%). Positives earnings Financial results amounted to EUR -9.5 million (Q1-Q3 2024/25: EUR -13.3 million). The Zumtobel Group recorded profit before tax of EUR 10.0 million for the reporting period (Q1-Q3 2024/25: EUR 14.5 million). Net profit after tax equalled EUR 9.0 million (Q1-Q3 2024/25: EUR 13.0 million), which represents basic earnings per share of EUR 0.22. Stronger market presence through leading international trade fairs The Zumtobel Group is currently preparing for three major international appearances: EuroShop 2026 in Düsseldorf, Data Centre World 2026 in London and Light + Building 2026 in Frankfurt am Main, the world's leading trade fair for lighting and building technology. Participation in these trade fairs will further sharpen the Company's positions in high-margin segments like retail, data centre, smart buildings and urban infrastructure and present sustainable, energy efficient lighting solutions as a value driver for real estate and infrastructure investments. "The main focal points of our trade fair presentations include the Zumtobel Group's claim to transform regulatory impulses like the coming EU efficiency requirements into concrete, profitable growth, to expand and broaden our global customer relations and to further strengthen our position as a sustainable solution provider with a scalable business model", emphasised Alfred Felder, CEO of the Zumtobel Group. Outlook substantiated The market environment remains challenging. Economic developments in the Group's key markets are currently difficult to predict, and the geopolitical situation is still tense. Business development is negatively impacted by the ongoing geopolitical risks and delayed investment decisions by customers - especially in the new construction segment - could increase the pressure on revenues. In contrast, regulatory initiatives at the EU level and in Germany as well as the consequent implementation of efficiency and stability measures could create opportunities to strengthen the sector in the future and contribute to an upturn. These factors make it difficult to predict economic developments in the 2025/26 financial year. In view of the current operating environment 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%. Q1-Q3 2025/26 OVERVIEW 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 Lighting Segment 190.0 195.9 −3.0 618.6 652.0 −5.1 Components Segment 62.0 69.2 −10.4 200.0 226.6 −11.7 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 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 Net profit for the period −4.5 −5.4 16.3 9.0 13.0 −31.3 as a % of revenues − 1.9 − 2.1 1.2 1.6 in EUR million 31 January 2026 30 April 2025 Change in % Balance sheet total 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 workers (full-time equivalent) 5,148 5,299 −2.9 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 America & 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 SHORT COMPANY PORTRAIT ABOUT Zumtobel Group AG The Zumtobel Group is an international lighting group and a leading supplier of innovative lighting solutions, lighting components and associated services. With its brands Thorn, Tridonic and Zumtobel, the Group offers its customers around the world a comprehensive portfolio of products and services. The Group's know-how about the effects of light on people, acquired over decades, forms the basis for the development of innovations and for accessing new fields of business. In the lighting business, the Group with its Thorn and Zumtobel brands, is one of the European market leaders. Through its lighting technology brand, Tridonic, the Zumtobel Group plays a leading role worldwide in the manufacture of hardware and software for lighting systems (LED light sources and LED drivers, sensors and lighting management). The Zumtobel Group's service offering is one of the most comprehensive in the entire lighting industry, including consultation on smart lighting controls and emergency lighting systems, light contracting, design services and project management of turnkey lighting solutions, as well as new, data-based services focused on delivering connectivity for buildings and municipalities via the lighting infrastructure. The Group is listed on the Vienna Stock Exchange (ATX Prime) and currently holds a workforce of around 5,300 employees. In the 2024/25 financial year, the Group posted revenues of EUR 1,097.2 million. The Zumtobel Group is based in Dornbirn in the Vorarlberg region of Austria. For further information, please visit z.lighting/group . INFORMATION You can download the press release and a portrait of CEO Alfred Felder here . The quarterly report is available for download here . Press Contact Sandra Schuster Head of Group Comms. & Public Affairs +43 664 808 92 6059 [email protected] Investor Relations Contact Eric Schmiedchen Head of Investor Relations +43 5572 509 1125 [email protected]