EANS-Adhoc: Zumtobel AG / Financial Results for 2009/10

Lighting group sets course for future growth after crisis year

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28.06.2010

Dornbirn, 28 June 2010

Dornbirn / Austria - The 2009/2010 Financial Year for the Zumtobel Group was
shaped by the effects of the global economic crisis, but the development of
revenues stabilised gradually during the course of the year. Revenues recorded
by this Austrian lighting group, which is based in Dornbirn / Vorarlberg,
declined 4.8% to EUR 1,117.3 million (2008/09: EUR 1,174.0 million) for the
reporting year (1 May 2009 to 30 April 2010).

In this economically difficult year, activities focused above all on cost
efficiency and the protection of liquidity. Operating profit before special
effects (adjusted EBIT) reached EUR 51.5 million (2008/09: EUR 78.9 million;
- 34.7%). This represents an EBIT margin of 4.6% (2008/09: 6.7%). Free cash
flow was clearly positive at EUR 39.2 million (2008/09: EUR 57.8 million),
whereby this development was supported by steady and efficient inventory
management as well as a reduction in investments.

EBIT amounted to EUR -45.2 million (2008/09: EUR 57.0 million) and was
influenced by high negative special effects of EUR -96.7 million in 2009/10.
These special effects were related primarily to impairment charges of EUR 68.3
million to goodwill that reduced profit for the year but did not lead to cash
outflows, as well as exceptional restructuring costs. These non-recurring
negative effects were responsible for a loss of EUR 67.0 million for the
reporting year.

The equity ratio equalled a satisfactory 35.8% as of 30 April 2010 despite
massive non-recurring effects, above all from impairment charges to goodwill.
Net financial liabilities were cut by one-fourth in year-on-year comparison to
EUR 121.9 million.

Following the waiver of a dividend for the 2008/09 Financial Year, the
Management Board and Supervisory Board will recommend that the Annual General
Meeting on 23 July 2010 approve the distribution of a moderate 0.15 cent per
share dividend for the reporting year.

The late cyclical nature of the Group´s business as well as the negative
effects of the growing sovereign debt in several European countries on the
current modest upturn make it difficult for the Management Board of the
Zumtobel Group to estimate whether or when the business will begin a
sustainable recovery. However, the positive signals for the coming months are
increasing - above all for the components business. The Management Board
consequently views the 2010/11 financial year with cautious optimism despite
the limited visibility, and is forecasting an improvement in revenues and
earnings for the Group as a whole. The long-term outlook for the Zumtobel Group
remains positive. This optimism is supported by the expected continued dynamic
expansion of LED-based products and the steady demand for energy-efficient
lighting systems.

Further inquiry note:

Pressekontakt                          Kontakt Investor Relations
Astrid Kühn-Ulrich                     Harald Albrecht
Head of Corp. Communications           Head of Investor Relations
Tel. +43-(0)5572 509-1570              Tel. +43-(0)5572 509-1125
astrid.kuehn@zumtobel.com              harald.albrecht@zumtobel.com
end of announcement                               euro adhoc 
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issuer:   Zumtobel AG
          Höchster Straße 8
          A-6850 Dornbirn
phone:    +43/5572/509-0
FAX:      +43/5572/509-601
mail:     investorrelations@zumtobel.com
WWW:      http://www.zumtobelgroup.com
sector:   Technology

ISIN: AT0000837307
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English

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