Report

Zumtobel Company News - Ambitious growth outlook presented at the CMD

Zumtobel presented ambitious sales growth and margin targets, both much better than what has been achieved in the last decade
Top line CAGR of 4-5% and EBIT margin of 6-8% targeted by FY 24/25 - RBIe stands at 3% and 6%, respectively
Capital allocation: M&A angle, capex containment and dividend policy
Overall, it became apparent that Zumtobel emerges into a growth-oriented phase
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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