Zumtobel Group AG: Zumtobel Group presents results for the first nine months

Dornbirn (pta008/05.03.2026/07:30 UTC+1)

• 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%)
  

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 millionfor 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%.

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Emitter:	Zumtobel Group AG Höchster Straße 8 6850 Dornbirn Austria
Contact Person:	Eric Schmiedchen
Phone:	+43 5572 509 1125
E-Mail:	eric.schmiedchen@zumtobelgroup.com
Website:	z.lighting
ISIN(s):	AT0000837307 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)