Zumtobel

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Zumtobel Group AG

logo
legal form Corporation
ISIN AT0000837307
founding 1950
Seat Dornbirn , AustriaAustriaAustria 
management
  • Alfred Felder ( CEO )
  • Bernard Motzko ( COO )
  • Thomas Tschol ( CFO )
Number of employees 6,000 (2019/20)
sales 1,131.3 billion euros (2019/20)
Branch Lighting technology
Website z.lighting

The Zumtobel Group is an Austrian company specializing in lighting technology based in Dornbirn . Zumtobel deals with the development, manufacture and sale of lighting technology and offers lighting solutions, luminaires, lighting management and lighting components for indoor and outdoor applications. The company is a European market leader in the field of professional lighting systems and number two in Europe in the field of lighting components.

The group has 13 production sites in Europe , Asia , North America and Australia as well as sales and partner companies in over 90 countries.

The group of companies has presented the Zumtobel Group Award (full name Zumtobel Group Award - Innovations for Sustainability and Humanity in the Built Environment ) to architects and engineers every two years since 2007 . The prize was endowed with 140,000 euros in 2012 and 150,000 euros in 2017.

In the financial year May 2017 to April 2018, the company posted losses of 46.7 million euros due to price pressure and currency effects and did not distribute any dividends in this period. Sales fell by 8 percent, while the LED division's share of sales increased from 73.6 to 79.6 percent. In 2018/19 the Zumtobel Group significantly reduced its net loss from 46.7 to 15.2 million euros. Due to the uncertainty surrounding Brexit and the pressure on prices due to intense competition in the lighting industry, sales fell by 2.9 percent to 1.162 billion euros. The operating result (EBIT) changed from minus 7.3 million to 2.7 million euros. Profitability was also improved compared to the previous year. The result adjusted for special effects rose by 8 million to 27.6 million euros. The return on sales improves to 2.4 percent. On June 25, 2020, the Zumtobel Group communicated the figures for the 2019/20 financial year: The annual result improved by 30 million euros to an increase of 14.5 million euros. The adjusted group EBIT almost doubled to 53.9 million euros, despite a slight decline in sales due to the global Covid 19 pandemic. The EBIT margin rose from 2.4 percent to 4.8 percent.

history

Walter Zumtobel (1907–1990) was one of around 300 so-called sequesters in occupied post-war Austria who initially administered German property in Vorarlberg on behalf of the French military government, then on the basis of an administrative law of the Austrian federal government. These included the Michel works in Bregenz and Hard as well as the toolmaking working group Lustenau in Lustenau and the precision engineering workshop Josef Maurer in Wolfurt . These three former German farms it was divided into in on January 1, 1950 Dornbirn founded W. electrical appliances and plastic extrusion plant Zumtobel KG and thus laid the foundation for today's Zumtobel Group.

In the early days, it mainly produced ballasts for fluorescent tubes . In 1952 the company started to manufacture complete lights based on fluorescent tubes. The particularly narrow Profilux bar light , launched on the market in 1953 , was a sales success. Zumtobel won its first design award in 1963 for the FER recessed luminaire (for suspended ceilings). In 1959 Walter Zumtobel traveled to the USA for the first time and visited the lighting manufacturer Day-Brite Lighting in St. Louis .

In 1959 a light laboratory was set up to determine light distribution curves. The German company Staff, still autonomous as Staff & Schwarz Leuchtenwerke (founded in 1945), introduced the first Lite-Trac track system in 1967. From 1956 to 1979, the company was a licensee of the Dr. Ing. Schneider & Co . In 1976 it received the state award that allows the use of the federal coat of arms in business transactions. In the same year the group was converted into a stock corporation.

In 1976 a minority stake in the British Tridonic Ltd. acquired. The complete takeover took place in 1983. The factory of Dr.-Ing. Schneider & Co. in Usingen in the company and with the contract of March 28, 1979 also the business purpose .

In 1991, the division was divided into the two business areas of luminaires (at that time Zumtobel Licht) and lighting components (at that time Tridonic components). In 1993 Zumtobel acquired the majority of the shares in the German Staff Group in Lemgo ; The complete takeover took place in 1994. In 2000, with the help of the American subsidiary Kohlberg Kravis Roberts & Co. (KKR), the British Wassall plc was taken over and the Thorn Lighting Group merged with Zumtobel's lighting business; Thorn's components business was transferred to the Tridonic Division.

The LED activities have been further developed since 2005 . Lexedis Lighting in Jennersdorf was founded as a joint venture for high-performance LED light sources by Tridonic Optoelectronic (a joint venture between Tridonic and Lumitech, a spin-off from Graz University of Technology) and Toyoda Gosei. LEDON Lamp GmbH (Dornbirn) is a wholly owned subsidiary of the Zumtobel Group for LED applications.

In May 2006 the Zumtobel Group went public on the Vienna Stock Exchange . In September 2006 the Zumtobel share was included in the ATX . In December 2006, KKR sold its remaining 5.5 percent stake after the IPO to an institutional investor over the counter. Apparently, it was Delta Lloyd Asset Management NV . In any case, on May 11, 2011, Zumtobel announced in a mandatory notification on its shareholder structure that Aviva plc was no longer a Zumtobel shareholder after its majority stake in "Delta Lloyd" had ended. At that time, Delta Lloyd held 6.778 percent of the 43.5 million share certificates, and “Fidelity” a few days later held 9.99 percent.

Zumtobel Group headquarters in Dornbirn, Austria

In 2009, the previous LED start-ups were combined in a separate division (LEDON brand). In 2013, LEDON was sold to the Austrian entrepreneur Thomas Lorünser with retroactive effect from November 1, 2012. The Zumtobel share was removed from the ATX with effect from September 24, 2012 and has been traded on the Prime market since then.

In recent years, the Zumtobel Group has carried out major projects such as the lighting of the BMW plants in Berlin and Leipzig, as well as the Airbus plant in Bremen and the new corporate headquarters of the pharmaceutical company Boehringer Ingelheim . Furthermore, the expansion of Beijing International Airport in China as well as parts of the Burj Khalifa in Dubai , the Emirates Palace in Abu Dhabi , the Bolte Bridge in Melbourne , Australia and the Cathedrale la Seu in Mallorca , Spain were equipped with innovative lighting solutions. The new Skylink Terminal at Vienna Airport , with an order value of 10.0 million euros, the lighting of football stadiums such as the Allianz Arena , Munich or the Tottenham Hotspur Stadium, as well as the Zumtobel Group's showcase projects, such as the Guggenheim Museum Bilbao or the James-Simon-Galerie in Berlin designed by David Chipperfield .

Tridonic headquarters in Dornbirn, Austria

The long-time managing director Jürg Zumtobel was awarded the “Honorary Prize of the Vorarlberg Economy for Entrepreneurial Lifetime Achievement” in November 2017. Alfred Felder has been CEO since June 8, 2018; Thomas Tschol took over the role of CFO on April 1, 2018 and Bernard Motzko has been COO since February 1, 2018 .

Zumtobel Group's production site in Niš, Serbia

In September 2018, the Zumtobel Group expanded for 30.6 million. Euro expanded their global production network with a new group-wide lighting and component plant in Niš, Serbia. The 40,000 square meter production site in the heart of the dynamic growth market of Eastern Europe enables the Zumtobel Group to react more flexibly to changing market requirements and to strengthen its presence in these emerging markets.

In March 2019, the Zumtobel Group announced that it wanted to open a new light forum on 4,000 square meters at its home location in Dornbirn. To this end, the company's old industrial hall in Höchststrasse is being revitalized. The investment in the home location will amount to around 8 million euros by the time it opens in 2020. The design concept, developed in cooperation with the Innsbruck studio of the renowned Norwegian architecture firm Snøhetta, creates space for a world of light that customers can experience with all their senses.

Corporate structure

The group of companies is divided into two business areas: the Zumtobel Lighting Division for the lighting business with the brands Zumtobel, Thorn and acdc and the Tridonic Division for the components business.

36.1 percent of the shares are owned by the Zumtobel family. This makes the family the stable core shareholder of Zumtobel Group AG that has been established since the IPO. In addition, as of April 30, 2019, the institutional investors Lazard Frères Gestion SAS held a stake of over 5 percent and Wellington Management Group LLP held a stake of over 4 percent. The remaining 55 percent are in free float.

Artistic annual report

Artistic Annual Report 2018/19 designed by Dietmar Eberle
Annual report 2017/18 designed by Sagmeister & Walsh

Since 1991, the Zumtobel Group has been inviting internationally renowned personalities from the fields of architecture, graphic design and art to design the Group's annual report dealing with the subject of light and the development of the company. The artists are given the greatest possible freedom of design, detached from any corporate design guidelines. Year after year, unconventional one-offs are created in printed form. In addition to graphic artists such as Italo Lupi, Neville Brody, Per Arnoldi and Stefan Sagmeister, with whom the artistic design began, there were also artists such as Gerhard Merz, Siegrun Appelt, Olafur Eliasson, Anish Kapoor and James Turrell, as well as architects such as Dominique Perrault, Hani Rashid / Asymptote , François Roche / Studio R & Sie (n), Sejima Kazuyo and Ryue Nishizawa / SANAA, David Chipperfield / DCA, Kjetil Thorsen / Snøhetta, Elizabeth Diller / Scofidio and Renfro and Yung Ho Chang / Atelier FCJZ were commissioned with the design. The current edition 2018/19 was designed by the Austrian architect Dietmar Eberle / Baumschlager Eberle Architekten in collaboration with Sascha Lötscher from Gottschalk + Ash Int'l, Zurich.

Web links

Commons : Zumtobel  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b Zumtobel Group: Complete new Executive Board, Thomas Tschol new CFO . Press release of March 8, 2018, accessed on March 23, 2018.
  2. ↑ Architecture Awards , accessed on October 2, 2012
  3. ↑ Social commitment of the Zumtobel Group , accessed on October 2, 2012
  4. ↑ Zumtobel Group Award. In: Zumtobel Group. 2019, accessed June 20, 2019 .
  5. ↑ Massive losses for the Zumtobel Group orf.at, June 28, 2018, accessed on June 28, 2018.
  6. ↑ Zumtobel is up again , accessed on February 28, 2020
  7. ↑ [1] , accessed June 29, 2020
  8. ^ Christian Feurstein: From family business to corporate family. The Zumtobel Group from 1950–2000. LIT Verlag Münster, 2009, p. 24 f.
  9. ^ Winner of the Gold Medal of Honor of the State of Vorarlberg ( Memento of November 13, 2013 in the Internet Archive ) (PDF; 60 kB), accessed on September 23, 2012
  10. ↑ History - the first years after the establishment until 1990 zumtobelgroup.com, accessed on October 5, 2017.
  11. ↑ Note: Founded in 1923 as Day-Brite Reflector Co., introduced - for the first time in the USA - in 1940 industrially produced fluorescent tube lamps. Expanded in 1946 as Day-Brite Lighting.
  12. ↑ Staff. In: designlexikon.net
  13. ↑ 60 years of light from Lemgo - Zumtobel location celebrates historic milestones. In: zumtobelgroup.com from March 1, 2012.
  14. ↑ Note: Spoken "traidonik"
  15. ^ Feurstein: From family company to corporate family: The Zumtobel Group ; P. 364 f. , accessed again on September 23, 2012
  16. ↑ Zumtobel Group's shareholder structure , last updated April 2016.
  17. ↑ Ledon Lamp becomes self-employed Press release of the Zumtobel Group, February 15, 2013
  18. ↑ Amag replaces Zumtobel, Bene switches to Mid Market. Retrieved October 19, 2012 .
  19. ↑ 34th Vorarlberg Economic Forum aims to encourage the future (November 9, 2017)
  20. ↑ Project is going according to plan: Zumtobel Group plant in Niš starts series production . Press release of July 30, 2018, accessed on February 28, 2019.
  21. ↑ New light forum for the Zumtobel Group: long-term investment in the home location Dornbirn . Press release of March 15, 2019, accessed on February 28, 2019.
  22. ↑ Annual Financial Report_2018_19. Retrieved February 28, 2020 .
  23. ↑ a b Artistic Annual Report 2018/19 of the Zumtobel Group designed by the renowned Austrian architect Dietmar Eberle . Press release of July 25, 2019, accessed on February 28, 2019.
  24. ↑ Annual report. Retrieved February 28, 2020 .

Coordinates: 47 ° 24 '27.4 "  N , 9 ° 44' 7.4"  E