Zumtobel Group

Zumtobel Group AG
Company typeAktiengesellschaft
WBAG: ZAG
IndustryLighting technology
Founded1950
HeadquartersDornbirn, Austria
Key people
  • Alfred Felder (CEO)
  • Bernard Motzko (COO)
  • Thomas Erath (CFO)
  • Marcus Frantz (CDTO)
Revenue1,209.2 million EUR (2022/23)
Number of employees
5,500 (2022/23)
WebsiteOfficial website

The Zumtobel Group is an Austrian company specialising in lighting and headquartered in Dornbirn. Zumtobel engages in the development, production and sales of lighting, luminaires, lighting management and lighting components for indoor and outdoor applications. The company is a European market leader for professional lighting systems and the number two for lighting components in Europe.

The group operates 10 production facilities on three continents as well as sales and partner companies in nearly 90 countries.[1]

Since 2007, the group has presented the Zumtobel Group Award (long name Zumtobel Group Award – Innovations for Sustainability and Humanity in the Built Environment) to architects and engineers every two years.[2] The prize was worth 140,000 euros in 2012,[3] 150,000 euros in 2017[4] and 120,000 euros in 2021.[5]

In the financial year from May 2017 to April 2018, the company recorded a loss of 46.7 million euros due to pricing pressure and currency effects and did not pay out a dividend for this period. Revenue declined by 8 percent and the share of LEDs in revenue increased from 73.6 to 79.6 percent.[6] In 2018/19, the Zumtobel Group significantly reduced the net loss from 46.7 to 15.2 million euros. As a result of uncertainties related to Brexit and price pressure caused by intense competition in the lighting industry, revenue declined by 2.9 percent to 1.162 billion euros. The operating result (EBIT) improved from minus 7.3 million to 2.7 million euros. Profitability also increased compared to the previous year. Group EBIT, adjusted for one-off effects, rose by 8 million euros to 27.6 million euros. Return on sales improved to 2.4 percent.[7] On 25 June 2020 the Zumtobel Group announced the figures for the 2019/20 financial year: net profit for the year rose by 30 million euros to a plus of 14.5 million euros. Adjusted Group EBIT almost doubled to 53.9 million euros despite a slight decline in revenues due to the global COVID-19 pandemic. The EBIT margin increased from 2.4 percent to 4.8 percent.[8] In the 2020/21 financial year, the Zumtobel Group recorded a more than 100% increase in net profit to 45.6 million euros, despite a 7.7 percent decline in revenues due to the ongoing effects of the COVID-19 pandemic. Adjusted Group EBIT thus rose by 23.4 percent to 43.4 million euros.[9] In the 2021/22 financial year, Group sales increased to 1,148.3 million euros and EBIT to 60.8 million euros. Net profit was 45.8 million euros.[9]

  1. ^ Felder, Alfred (2021). "Annual Financial Report 2020/21" (PDF). AnnualReports.co.uk. Retrieved 2024-01-30.
  2. ^ "Zumtobel Group Award". Architekturpreise. 2011-03-01. Archived from the original on 2017-10-10. Retrieved 2024-01-30.
  3. ^ "Gesellschaftliches Engagement der Zumtobel Gruppe" [Zumtobel Group Award for Sustainability and Humanity in the Built Environment]. Zumtobel Group (in German). 2012. Archived from the original on 2017-10-10. Retrieved 2024-01-30.
  4. ^ Prieto, Mario (2016-10-19). "Welcome to the 2017 ZUMTOBEL GROUP Award". Smart Lighting: A Journal on Lighting Technologies. Retrieved 2024-01-30.
  5. ^ "Zumtobel Group Award – Innovations for Sustainability and Humanity in the Built Environment 2021 announced". EuropaWire. 2021-12-14. Retrieved 2024-01-30.
  6. ^ "Massive Verluste für Zumtobel Group" [Massive losses for Zumtobel Group]. Vorarlberg News (in German). 2018-06-28. Retrieved 2024-01-30.
  7. ^ "Zumtobel legt wieder zu" [Zumtobel shows up again]. Wiener Zeitung (in German). 2019-06-27. Retrieved 2024-01-30.
  8. ^ "Zumtobel schreibt wieder schwarze Zahlen" [Zumtobel writes black again]. Kurier (in German). 2020-06-25. Retrieved 2024-01-30.
  9. ^ a b