Report

Zumtobel Q1 21/22 - Sound Q1, FY 21/22 outlook confirmed despite headwinds

15% top line growth fuelled EBIT increase to EUR 20 mn
FY outlook of a 4-7% revenue increase and 4-5% EBIT margin reiterated despite headwinds
Price hikes should increasingly counter cost inflation, input costs are seen plateauing
Semiconductor shortage to remain a headwind in coming quarters
Overall, a very solid start in the year and financial targets appear feasible despite challenges on the supply/cost side
Underlying
Zumtobel Group AG

Zumtobel is a lighting company based in Austria. Co. offers a full-line range of integral professional lighting solutions, luminaires, light management systems and lighting components for indoor and outdoor applications. Co.'s business activities are carried out primarily through its subsidiary groups: the Lighting Segment (lighting solutions, interior and exterior lighting, electronic-digital lighting and room management systems) and the Components Segment (electronic and magnetic lighting components).

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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