29.06.2009 – 07:03

SEG Immo AG

EANS-Adhoc: Zumtobel AG
The Zumtobel Group announces results for 2008/09

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.

annual report

29.06.2009

Dornbirn, 29 June 2009

The Zumtobel Group announces results for 2008/09:

. Group revenues decline 8.4% to EUR 1,174.0 million (FX-adjusted - 5.1%)
    . Adjusted EBIT reaches EUR 78.9 million (-35.8% / EBIT margin equals 6.7%)
    . Management and Supervisory Boards recommend suspension of dividend
    . Outlook: further deterioration in market environment expected;  efficiency
      improvement programme increased to EUR 100 million

Dornbirn / Austria - Revenues recorded by the Zumtobel  Group  for  
the  2008/09 financial year (1 May 2008 to 30  April  2009)  declined
8.4%  to  EUR  1,174.0 million (2007/08:  EUR  1,282.3  million).  
After  an  adjustment  for  negative currency translation effects  of
EUR 43.0 million,  Group  revenues  were  5.1% lower than in the 
previous year.

EBIT adjusted for special effects totalled EUR  78.9  million,  which
is  35.8% below the comparable prior year level of EUR  123.0  
million.  The  EBIT  margin reached 6.7% in 2008/09  after  an  
adjustment  for  special  effects  (2007/08: 9.6%). Special effects 
amounted to EUR 21.9 million and were related  above  all to 
personnel and structural adjustments that were  implemented  in  
reaction  to the global economic crisis. The early introduction of 
measures to  improve  cost efficiency reduced fixed costs by EUR 16.3
million during the second half-year.

Profit before tax fell by 66.7% to EUR 29.3 million and net profit 
for the  year declined to EUR 13.3 million (2007/08: EUR 93.5 
million). For  the  shareholders of Zumtobel AG, earnings per share 
equalled EUR 0.53 (2007/08:  EUR  2.09).  The equity ratio fell to 
43.3% in  comparison  with  the  level  on  30  April  2008 (46.5%). 
The  strategic  focus  on  liquidity  and  cash   flow   resulted   
in satisfactory free cash flow of EUR 57.8  million  in  this  
difficult  operating climate.

Against the backdrop of the unfavourable economic  environment,  the 
Management Board and Supervisory Board of Zumtobel AG will ask the 
Annual  General  Meeting on 24 July 2009 to approve the suspension of
the dividend. These  two  corporate bodies believe  the  improvement 
of  the  company's  financial  power  has  top priority under the 
current circumstances.

The Management Board of the Zumtobel Group expects a  further  
deterioration  in the  operating  environment  for  the  construction
industry  and  assumes  the lighting industry will only reach the low
point of  this  crisis  in  2010.  The 2009/2010 financial year is 
expected to bring further negative foreign  exchange effects with a 
corresponding unfavourable impact on revenues and earnings.

Since  all  current  economic   forecasts   are   connected   with   
significant uncertainty, the Management Board does not  consider  it 
possible  to  issue  a reliable outlook for revenues and earnings at 
the  present  time.  Nevertheless, the Zumtobel Group is striving  to
hold  free  cash  flow  in  2009/2010  at  a positive level even 
under these adverse economic  conditions.  In  view  of  the expected
deterioration in the  market  environment,  the  Management  Board  
has doubled the cost reduction targets  for  the  efficiency  
improvement  programme implemented in the past year from the previous
EUR 50 million to an upper  level of EUR 100 million by the end of 
2010/11.

end of announcement                               euro adhoc

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

Branche: Technology
ISIN: AT0000837307
WKN:
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market