Zumtobel Group (ZAG) investor relations material

Q1 2026/27 performance

• Revenue was €264.1m, down 0.9% YoY reported and 1.4% FX-adjusted; adjusted EBIT rose to €8.2m from €6.6m, with margin up to 3.1% from 2.5%.

• Adjusted gross profit margin improved to 37.4% from 36.7%; net profit was €4.2m versus a €4.0m loss YoY.

• Lighting revenue rose 0.2% to €211.1m and adjusted EBIT increased to €12.5m from €11.4m; Components revenue fell 4.8% to €67.5m while adjusted EBIT increased to €1.4m from €1.3m.

• Operating cash flow was -€4.2m and free cash flow -€16.4m; net debt was €148.1m and equity ratio 43.0% at 31 July 2026.

Strategic direction

• Strategy is moving up the value chain from components and luminaires toward connected lighting, integrated solutions, services and smart-building ecosystems.

• Keyture and the Smart Buildings Solutions division combine lighting, space monitoring and smart emergency applications; planned subscription apps cover Lighting, Energy and Space.

• Tridonic is extending sensor-based lighting and IoT capabilities while exploring power-electronics applications in renewables, industry, electric mobility and data centres.

• Zumtobel focuses on premium, multi-application circular cleantech solutions; Thorn targets accessible connected indoor and outdoor lighting across broad customer groups.

Efficiency and transformation

• A leaner, customer-facing organization is intended to reduce complexity, streamline processes, expand shared services and accelerate decisions.

• The efficiency program delivered €10m net impact in its first year; expected annual savings rise to €40–50m from 2028/29 onward.

• Procurement initiatives target a ~27.5% reduction in purchased parts through standardization and ~70% automated procurement processes.

• AI sales initiatives include tender-document analysis and product matching, SAP-integrated pricing suggestions, and simulated customer conversations for sales training.