Zumtobel Group AG: Zumtobel Plans Medium-Term EBIT Margin of 6% to 8%

Dornbirn (pta015/13.10.2021/09:00 UTC+2) Dornbirn, Austria - At its Capital Markets Day held yesterday for investors and analysts, the Zumtobel Group outlined its corporate strategy in detail and also announced its current medium-term planning valid until the year 2025 for the very first time. Accordingly, the management targets average annual revenue growth of 4% to 5% in the four financial years from 2021/22 to 2024/25.

The Executive Board confirmed the planned revenue growth of 4% to 7% for the current 2021/22 financial year, which is influenced by "catch-up effects" after the corona pandemic. In subsequent years, the Zumtobel Group aims to surpass the forecasted market growth of 3% to 4% in its focus market Europe and targets revenues in the range of EUR 1.2 billion in the 2024/25 financial year. Acquisitions are also being considered in order to expand the company's positions in existing markets or to strengthen its portfolio in the area of new technologies in the digital sector.

Within the context of the Zumtobel Group's expected organic growth and further efficiency increases, the Executive Board is targeting an EBIT margin of 6% to 8% in the 2024/25 financial year. This represents a significant rise compared to the anticipated EBIT margin of 4% to 5% in the current 2021/22 financial year. The shareholders should also continue to profit from the improved performance: The company plans to continue its policy of distributing a dividend equalling a payout ratio of 30% to 50% of its net profit (minus special expenses).

"We have positioned the Zumtobel Group very robustly in recent years, not least due to the resolute implementation of our two-brand strategy for the lighting brands, which comprises the foundation for sustainable growth. Furthermore, our main focus is now entirely on the future key topics of sustainability and digitalisation. In this regard we aim to be one of the pioneers in our industry", comments Alfred Felder, CEO of the Zumtobel Group.

Sustainability and digitalisation as the main building blocks of future growth
At the Capital Markets Day, the management also explained the insights into its updated corporate strategy "FOCUSED" and thus the significance of the future issues of sustainability and digitalisation.

"There will be new incentives for new constructions and the environmentally compatible renovation of existing buildings within the context of the European Green Deal. The issue of light will also play a relevant role in this process", CEO Felder emphasizes. Moreover, substantial programmes of investment exist in the fields of energy, transport and industry, from which the lighting industry will also profit.

The Zumtobel Group is intensively working on further accelerating its own sustainability activities, with the main focus being on the issues of circular economy and CO2 reduction. The objective is to ensure the responsible use of material resources as well as to minimise waste, emissions and energy consumption. The conversion to electricity from hydropower and the use of green electricity at the company's main sites show that the Zumtobel Group has already taken another clear step towards climate neutrality. By 2025, the company aims to operate climate neutral and thus also support its customers in fulfilling their own sustainability targets.

In terms of digitalisation, the goal is to enable the development of innovative products with expanded functions along with digital services which create new customer experiences, strengthen customer ties and enhance customer loyalty. Moreover, the intention is to implement digitalised process workflows end-to-end throughout the entire company - meaning from the receipt of orders to after-sales - in order to benefit from a substantial increase in efficiency.

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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)