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Zumtobel Group (ZAG) investor relations material
Zumtobel Group Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues declined 7.8% year-over-year to €266.4 million in Q1 2025/26, reflecting broad-based weakness and economic uncertainty across most regions.
Adjusted EBIT dropped to €6.6 million (2.5% margin), with net profit at minus €4.0 million and EPS at minus €0.09.
Strategic closure of the unprofitable US production site in Highland, NY, will incur restructuring costs, with negative special effects impacting results.
A global efficiency and cost-saving programme is underway, targeting €30–40 million in annual savings by FY28/29, with 70–80% from personnel savings.
Strategic focus remains on operational efficiency, cost reduction, and leveraging opportunities in renovation and nonresidential construction.
Financial highlights
Group revenues fell 7.8% year-over-year, mainly due to declines in the UK, Asia Pacific, and Northern and Western Europe.
Adjusted EBIT decreased by 67.5% to €6.6 million; EBIT margin at 2.5% from 7.0% year-over-year.
Net profit for the period was minus €4.0 million, down from €12.8 million in Q1 2024/25.
Free cash flow was minus €10.6 million; net debt increased to €134.4 million from €118.5 million.
Adjusted gross profit margin declined to 36.7% from 38.5% year-over-year.
Outlook and guidance
Management expects a single-digit percentage revenue decline for FY 2025/26 compared to the previous year.
Adjusted EBIT margin is forecasted between 1% and 4% for the full year.
Planned CapEx for the year remains at €50 million.
Significant cost savings from the efficiency programme are expected to reach €30–40 million annually by 2028/29, with 80% realized by 2027/28.
Early signs of recovery in European nonresidential construction, especially in renovation, but positive momentum will reach the business with a delay.
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