Zumtobel Group AG: Results for the 2025/26 financial year

Cost discipline stabilises profitability in challenging market environment

Dornbirn (pta006/16.07.2026/07:30 UTC+2)

• Revenues decline by –5.2% to EUR 1,040.4 million (FX adjusted: –4.4%)
• Adjusted Group EBIT totals EUR 42.4 million (2024/25: EUR 46.9 million)
• Adjusted EBIT margin equals 4.1% (2024/25: 4.3%)
• Net profit of EUR 1.0 million (2024/25: EUR 15.5 million)
• Outlook for 2026/27: Revenues at prior year level and adjusted EBIT margin of 3% – 5%
  

The Zumtobel Group performed well in business environment that remained challenging throughout the 2025/26 financial year. Weak demand in key European markets and continuing investment reluctance across the industrial sector were responsible for a –5.2% decline in Group revenues to EUR 1,040.4 million (2024/25: EUR 1,097.2 million). After an adjustment for foreign exchange effects, the decline equalled –4.4%.

Based on a regional analysis, the D/A/CH region remained the most important market for the Zumtobel Group with a share of 38.1% despite a slight year-on-year decline of –3.0% in revenues. In Southern and Eastern Europe, the decline amounted to –5.3%, while Northen and Western Europe recorded a stronger reduction of –8.6%. Positive impulses were provided by the America & MEA region, where revenues rose by 7.2%.

Strict cost discipline and the first effects of the efficiency programme allowed the Zumtobel Group to stabilise profitability in spite of the challenging market environment. The adjusted gross profit margin improved to 37.3% (2024/25: 36.5%). Material, personnel and administrative costs were also reduced. Adjusted Group EBIT totalled EUR 42.4 million (2024/25: EUR 46.9 million), and the adjusted EBIT margin equalled 4.1% (2024/25: 4.3%).

"The market environment was challenging during the entire 2025/26 financial year, especially in our European core markets and in the industrial sector. However, our efficiency measures have started to make a difference: Despite the decline in revenues, we were able to improve our gross margin and streamline the cost base. Our focus for 2026/27 will be on consequent transformation, operational excellence and profitable growth areas", indicated Alfred Felder, CEO of the Zumtobel Group.

Lighting Segment resilient, Components Segment under pressure
The Lighting Segment remained relatively robust in 2025/26. Revenues were –3.7% lower at EUR 832.3 million, but adjusted EBIT improved to EUR 54.7 million (2024/25: EUR 51.3 million). The reduction of material and fixed costs more than offset the decline in revenues. Business development in the Components Segment was negatively influenced by the weakness in the industrial sector. Revenues fell by –11.0% to EUR 266.4 million, and the adjusted EBIT dropped to EUR 4.6 million (2024/25: EUR 13.5 million).

Earnings negatively affected by special effects
Special effects of EUR –19.3 million were recognised in 2025/26. They resulted primarily from restructuring costs for the shutdown of the production facility in Highland, New York, USA, the termination of production in France, and costs for the Group-wide efficiency programme. These special effects also included the write-off of goodwill in the CGU Components.

Group EBIT totalled EUR 23.1 million in 2025/26 (2024/25: EUR 33.0 million), and profit before tax amounted to EUR 10.7 million (2024/25: EUR 16.1 million). Higher income taxes, primarily from value adjustments to deferred taxes in the USA, UK and Austria, as well as non-recurring effects had a negative impact on profit for the year. Net profit amounted to EUR 1.0 million (2024/25: EUR 15.5 million) and represents earnings per share of EUR 0.03 (2024/25: EUR 0.36).

In view of the slightly positive net profit, the Management Board and the Supervisory Board recommend to the annual general meeting which is scheduled for 25 September 2026 to waive a dividend for the 2025/26 financial year.

Focus on profitable growth fields
The Zumtobel Group is continuing to concentrate on clearly defined growth fields in spite of the current market weakness: Energy-efficient, integrated lighting solutions for buildings represent the focal point. TECTON II, Zumtobel's modular continuous row system, addresses the rising demand for intelligent retrofit solutions and integrable smart building applications.

Sport venue lighting is another important growth area. ALTIS, a FIFA-certified floodlighting solution developed by Thorn, gives the Zumtobel Group a strong position in a technologically demanding segment with attractive international project opportunities.

Additional growth opportunities arise from partnerships in the smart building business. Together with companies like Siemens, ABB and Legrand, the Zumtobel Group is strengthening the integration of its own lighting solutions in digital building systems and expanding the access to new applications and customer groups.

Change on the Management Board
Bernard Motzko, who has served as Chief Operating Officer (COO) of the Zumtobel Group since February 2018, will resign from the Management Board as planned on 30 September 2026. His operating responsibilities will be reassigned within the existing business areas and management structure.

"On behalf of the Supervisory Board, I would like to thank Mr Motzko for his outstanding contributions over the past eight years. Under his leadership, key operating areas were significantly strengthened – in particular the plant network, the supply chain, as well as quality management and purchasing. In doing so, he created a solid foundation from which the company will continue to benefit in the future," commented Karin Zumtobel-Chammah, Chairwoman of the Supervisory Board of the Zumtobel Group.

Outlook on the 2026/27 financial year
The market environment for the Zumtobel Group is expected to remain challenging. Short-term visibility is limited by the weak economic development in major European countries, slow momentum in the construction sector and geopolitical uncertainty. At the same time, regulatory initiatives to support energy efficiency and building refurbishment will create new growth opportunities over the medium term. Against this backdrop, the Management Board of the Zumtobel Group expects revenues at the prior year level and an adjusted EBIT margin of 3% to 5% for the 2026/27 financial year.

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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)