Zumtobel Q2 21/22 - Top line held back by bottlenecks in Q2
5% top line growth in Q2 below forecasts and implies sequentially weaker momentumFY 21/22 outlook of a 4-7% revenue increase and a 4-5% EBIT margin reiterated
However, management envisages top line rather at upper end and profitability rather at lower end of the respective corridors
As outlined on previous occasions, semiconductor shortage to remain a headwind with negative implications on product mix
Unchanged favourable demand and order intake trends
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).
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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