Zumtobel Group AG
VSE:ZAG
Zumtobel Group AG
Zumtobel Group AG engages in the provision of lighting solutions. The company is headquartered in Dornbirn, Vorarlberg and currently employs 5,696 full-time employees. The company went IPO on 2006-05-12. The firm operates in two segments: The Lighting Segment covers luminaries, lighting management and lighting solutions business for indoor and outdoor applications, and comprises the brands Zumtobel, Thorn and acdc, as well as original equipment manufacturer (OEM) brand Reiss. The Components Segment is focused primarily on the development and marketing of control gear for conventional lighting components, light-emitting diodes (LED) converters and LED/organic light-emitting diode (OLED) modules, lighting management systems and connection technology under the Tridonic and acdc brands. The firm operates AC/DC LED Holdings Ltd as a majority owned subsidiary.
Zumtobel Group AG engages in the provision of lighting solutions. The company is headquartered in Dornbirn, Vorarlberg and currently employs 5,696 full-time employees. The company went IPO on 2006-05-12. The firm operates in two segments: The Lighting Segment covers luminaries, lighting management and lighting solutions business for indoor and outdoor applications, and comprises the brands Zumtobel, Thorn and acdc, as well as original equipment manufacturer (OEM) brand Reiss. The Components Segment is focused primarily on the development and marketing of control gear for conventional lighting components, light-emitting diodes (LED) converters and LED/organic light-emitting diode (OLED) modules, lighting management systems and connection technology under the Tridonic and acdc brands. The firm operates AC/DC LED Holdings Ltd as a majority owned subsidiary.
Revenue Drop: Group revenue fell 6.9% year-over-year to EUR 537 million in H1, reflecting continued weak market demand and project postponements.
Profitability: Adjusted EBIT margin improved to 5.9% in H1, with adjusted EBIT at EUR 31.6 million, but overall EBIT was impacted by restructuring and impairments.
Cost Savings: Management accelerated a cost efficiency program, targeting EUR 40–50 million in annual savings by FY 2028/29, with EUR 4–5 million in net savings expected already this year.
Guidance Confirmed: The company maintained its guidance for a single-digit percentage revenue decline and an adjusted EBIT margin of 1–4%, expecting to finish toward the upper end of the EBIT margin range.
Market Outlook: Early signs of recovery are seen in European non-residential construction, particularly in education and healthcare, but demand remains volatile and project delays are common.
Special Items: Results benefited from EUR 3.5 million in research subsidies in Q2, while special costs included restructuring, goodwill impairments, and one-time incentives.
