Austria's Zumtobel swings to profit in Q1 as costs fall, reaffirms revenue forecast

Zumtobel AG

03/09/2026 06:44

Overview
Austria lighting solutions firm's fiscal Q1 revenue nearly stable, down 0.9% yr/yr
Adjusted EBIT for fiscal Q1 rose, reflecting lower material costs and efficiency measures
Company returned to positive net profit in fiscal Q1, outlook for year confirmed

Outlook
Zumtobel confirms 2026/27 outlook for revenues at prior year level
Company expects 2026/27 adjusted EBIT margin of 3% to 5%
Company sees continued challenging market with subdued economic development in major European countries

Result Drivers
EFFICIENCY MEASURES - Co said ongoing efficiency programme and reduced material costs strengthened profitability
SEGMENT PERFORMANCE - Lighting segment revenue grew slightly, offsetting declines in Components segment
REGIONAL TRENDS - Growth in Northern and Western Europe, Asia & Pacific, and America & MEA partly offset declines in D/A/CH and Southern and Eastern Europe

Company press release: ID:nPexZbd9ka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
EUR 264.10 mln
 
Q1 Net Income
 
EUR 4.20 mln
 
Q1 Adjusted EBIT
 
EUR 8.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Zumtobel Group AG is €4.80, about 17.4% above its September 2 closing price of €4.09
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)