Zumtobel

Profit Statement 2012 2013 2014
Sales EUR mil 1,244 1,247 1,313
Gross Profit EUR mil 608 690 717
EBITDA EUR mil 79.5 80.2 100
EBIT EUR mil 21.7 12.1 41.1
Financing Cost EUR mil 9.86 14.6 25.4
Pre-Tax Profit EUR mil 7.88 -2.42 15.7
Net Profit EUR mil 5.96 -5.00 12.2
Dividends EUR mil 8.62 3.26 8.15
Balance Sheet 2012 2013 2014
Total Assets EUR mil 995 1,007 1,086
Non-Current Assets EUR mil 530 520 553
Current Assets EUR mil 465 487 534
Working Capital EUR mil 214 221 262
Shareholders' Equity EUR mil 357 328 323
Liabilities EUR mil 637 679 764
Total Debt EUR mil 201 203 208
Net Debt EUR mil 114 128 149
Ratios 2012 2013 2014
ROE % 1.64 -1.46 3.76
ROCE % 0.780 -0.673 1.57
Gross Margin % 48.9 55.3 54.6
EBITDA Margin % 6.39 6.43 7.63
EBIT Margin % 1.74 0.974 3.13
Net Margin % 0.479 -0.401 0.932
Net Debt/EBITDA 1.44 1.60 1.49
Net Debt/Equity 0.320 0.392 0.461
Cost of Financing % 4.56 7.21 12.4
Valuation 2012 2013 2014
Market Capitalisation USD mil 484 892 1,276
Enterprise Value (EV) USD mil 634 1,069 1,456
Number Of Shares mil 43.1 43.1 43.1
Share Price EUR 8.50 15.0 24.4
EV/EBITDA 6.22 10.0 11.3
EV/Sales 0.397 0.646 0.861
Price/Earnings (P/E) 61.5 -130 86.2
Price/Book Value (P/BV) 1.03 1.97 3.27
Dividend Yield % 2.35 0.504 0.773

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                          
Sales EUR mil ...           1,174 1,115 1,228 1,280 1,244    
Gross Profit EUR mil ...           614 556 620 619 608    
EBIT EUR mil ...           68.1 -21.1 79.5 36.8 21.7    
Net Profit EUR mil ...           13.4 -69.9 51.0 15.2 5.96    
ROE % ...           2.87 -18.4 14.2 4.06 1.64    
EBIT Margin % ...           5.80 -1.89 6.48 2.88 1.74    
Net Margin % ...           1.14 -6.28 4.15 1.19 0.479    
Employees ...           7,329 7,814 7,456 7,162 7,162    
balance sheet                          
Total Assets EUR mil ...           1,019 973 1,020 1,036 995    
Non-Current Assets EUR mil ...           594 517 517 532 530    
Current Assets EUR mil ...           425 456 503 505 465    
Shareholders' Equity EUR mil ...           421 340 379 371 357    
Liabilities EUR mil ...           598 632 642 666 637    
Non-Current Liabilities EUR mil ...           314 328 328 362 339    
Current Liabilities EUR mil ... ... ... ... ...   284 304 314 304 299    
Net Debt/EBITDA ... ...         1.03 1.08 1.56 1.09 1.44    
Net Debt/Equity ...           0.389 0.386 0.379 0.387 0.320    
Cost of Financing % ... ...         10.1 4.40 4.37 4.91 4.56    
cash flow                          
Total Cash From Operations EUR mil ...           96.8 72.4 59.9 70.8 103    
Total Cash From Investing EUR mil ...           -56.3 -42.2 -61.5 -55.9 -58.5    
Total Cash From Financing EUR mil ...           -70.6 5.70 -12.3 -1.92 -46.3    
Net Change In Cash EUR mil ...           -30.2 35.9 -13.9 13.0 -1.45    
valuation                          
Market Capitalisation USD mil ... ... ... ...     405 1,003 1,402 581 484    
Number Of Shares mil             42.8 42.8 43.1 43.1 43.1    
Share Price EUR ... ... ... ...     6.80 16.3 24.5 10.4 8.50    
Earnings Per Share (EPS) EUR ...           0.314 -1.63 1.18 0.353 0.138    
Book Value Per Share EUR ...           9.84 7.95 8.78 8.59 8.29    
Dividend Per Share EUR ... ... ... ... ...   0.699 0.699 0.150 0.500 0.200    
Price/Earnings (P/E) ... ... ... ...     21.7 -10.0 20.7 29.5 61.5    
Price/Book Value (P/BV) ... ... ... ...     0.691 2.06 2.79 1.21 1.03    
Dividend Yield % ... ... ... ... ...   10.3 4.28 0.612 4.81 2.35    
Earnings Per Share Growth % ... ...         -85.3 -620 -172 -70.2 -60.9    
Book Value Per Share Growth % ... ...         -16.5 -19.2 10.5 -2.08 -3.57    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                          
Sales EUR mil ...           1,174 1,115 1,228 1,280 1,244    
Cost of Goods & Services EUR mil ...           560 558 608 661 636    
Gross Profit EUR mil ...           614 556 620 619 608    
Staff Cost EUR mil ... ... ... ... ...   179 189 210 221 219    
Other Cost EUR mil ... ... ... ... ...   275 246 318 267 309    
EBITDA EUR mil ... ...         160 121 92.1 131 79.5    
Depreciation EUR mil ... ...         91.5 142 12.6 94.2 57.8    
EBIT EUR mil ...           68.1 -21.1 79.5 36.8 21.7    
Financing Cost EUR mil ...           22.6 9.93 9.81 11.3 9.86    
Extraordinary Cost EUR mil ...           16.2 16.8 9.93 5.35 3.93    
Pre-Tax Profit EUR mil ...           29.3 -47.8 59.8 20.2 7.88    
Tax EUR mil ...           6.32 5.97 6.95 4.16 1.63    
Minorities EUR mil ...           -0.119 0.188 0.303 0.023 0.127    
Net Profit EUR mil ...           13.4 -69.9 51.0 15.2 5.96    
Dividends EUR mil ... ... ... ... ...   29.9 30.0 6.47 21.6 8.62    
growth rates                          
Total Revenue Growth % ... ...         -8.45 -5.06 10.2 4.24 -2.87    
Operating Cost Growth % ... ... ... ... ... ... -12.9 -4.15 21.3 -7.59 8.30    
EBITDA Growth % ... ... ...       3.58 -24.1 -24.0 42.4 -39.4    
EBIT Growth % ... ...         -43.4 -131 -477 -53.7 -41.2    
Pre-Tax Profit Growth % ... ...         -66.7 -263 -225 -66.3 -60.9    
Net Profit Growth % ... ...         -85.6 -621 -173 -70.2 -60.9    
ratios                          
ROE % ...           2.87 -18.4 14.2 4.06 1.64    
ROCE % ... ...         1.63 -9.28 7.00 1.98 0.780    
Gross Margin % ...           52.3 49.9 50.5 48.4 48.9    
EBITDA Margin % ... ...         13.6 10.9 7.50 10.2 6.39    
EBIT Margin % ...           5.80 -1.89 6.48 2.88 1.74    
Net Margin % ...           1.14 -6.28 4.15 1.19 0.479    
Payout Ratio % ... ... ... ... ...   223 -42.8 12.7 142 145    
Cost of Financing % ... ...         10.1 4.40 4.37 4.91 4.56    
Net Debt/EBITDA ... ...         1.03 1.08 1.56 1.09 1.44    
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
balance sheet                          
Non-Current Assets EUR mil ...           594 517 517 532 530    
Property, Plant & Equipment EUR mil ...           233 231 234 242 240    
Intangible Assets EUR mil ...           290 232 235 294 243    
Goodwill EUR mil ... ... ... ... ... ... ... 183 184 191 190    
Current Assets EUR mil ...           425 456 503 505 465    
Inventories EUR mil ...           149 146 190 173 160    
Receivables EUR mil ...           169 173 187 210 186    
Cash & Cash Equivalents EUR mil ...           68.6 87.8 86.3 87.7 87.0    
Total Assets EUR mil ...           1,019 973 1,020 1,036 995    
Shareholders' Equity EUR mil ...           421 340 379 371 357    
Of Which Minority Interest EUR mil ...           1.96 3.83 3.31 2.71 3.51    
Liabilities EUR mil ...           598 632 642 666 637    
Non-Current Liabilities EUR mil ...           314 328 328 362 339    
Long-Term Debt EUR mil ...           216 214 213 227 197    
Deferred Tax Liabilities EUR mil ... ... ... ... ...   9.13 11.6 11.6 10.2 7.31    
Current Liabilities EUR mil ... ... ... ... ...   284 304 314 304 299    
Short-Term Debt EUR mil ...           16.9 4.81 17.3 3.74 4.26    
Trade Payables EUR mil ...           110 131 141 131 132    
Equity And Liabilities EUR mil ...           1,019 973 1,020 1,036 995    
growth rates                          
Total Asset Growth % ... ...         -7.88 -4.51 4.90 1.55 -4.00    
Shareholders' Equity Growth % ... ...         -18.1 -19.1 11.2 -2.12 -3.57    
Net Debt Growth % ... ...         26.5 -19.8 9.24 -0.119 -20.3    
Total Debt Growth % ... ...         7.31 -5.69 4.81 0.556 -12.9    
ratios                          
Total Debt EUR mil ...           232 219 230 231 201    
Net Debt EUR mil ...           164 131 144 143 114    
Working Capital EUR mil ...           208 188 236 252 214    
Capital Employed EUR mil ...           802 705 754 783 744    
Net Debt/Equity ...           0.389 0.386 0.379 0.387 0.320    
Cost of Financing % ... ...         10.1 4.40 4.37 4.91 4.56    
cash flow Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
cash flow                          
Net Profit EUR mil ...           13.4 -69.9 51.0 15.2 5.96    
Depreciation EUR mil ... ...         91.5 142 12.6 94.2 57.8    
Non-Cash Items EUR mil ... ...         -42.8 -20.0 44.3 -23.3 2.23    
Change in Working Capital EUR mil ... ...         34.7 20.2 -48.1 -15.4 37.3    
Total Cash From Operations EUR mil ...           96.8 72.4 59.9 70.8 103    
Capital Expenditures EUR mil ...           -64.7 -48.7 -57.3 -57.2 -59.5    
Other Investments EUR mil ...           8.38 6.47 -4.23 1.30 1.05    
Total Cash From Investing EUR mil ...           -56.3 -42.2 -61.5 -55.9 -58.5    
Dividends Paid EUR mil ... ... ... ... ...   -29.9 -30.0 -6.47 -21.6 -8.62    
Issuance Of Debt EUR mil ... ...         15.8 -13.2 10.6 1.28 -29.8    
Total Cash From Financing EUR mil ...           -70.6 5.70 -12.3 -1.92 -46.3    
Net Change In Cash EUR mil ...           -30.2 35.9 -13.9 13.0 -1.45    
ratios                          
Days Sales Outstanding days ...           52.7 56.5 55.4 59.8 54.5    
Days Sales Of Inventory days ...           96.9 95.5 114 95.4 92.2    
Days Payable Outstanding days ...           71.6 85.4 84.5 72.3 75.7    
Cash Conversion Cycle days ...           78.0 66.6 85.2 82.9 70.9    
Cash Earnings EUR mil ... ...         105 72.3 63.6 109 63.8    
Cash Earnings Per Share EUR ... ...         2.45 1.69 1.47 2.54 1.48    
Price/Cash Earnings (P/CE) ... ... ... ...     2.77 9.69 16.6 4.10 5.75    
Free Cash Flow EUR mil ...           40.4 30.2 -1.68 14.9 44.8    
Free Cash Flow Yield % ... ... ... ...     14.6 4.19 -0.159 3.56 11.9    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
other data                          
ROA % ...           1.26 -7.02 5.12 1.48 0.587    
Gross Margin % ...           52.3 49.9 50.5 48.4 48.9    
Employees ...           7,329 7,814 7,456 7,162 7,162    
Cost Per Employee USD per month ... ... ... ... ...   2,986 2,809 3,103 3,574 3,278    
Cost Per Employee (Local Currency) EUR per month ... ... ... ... ...   2,041 2,020 2,345 2,571 2,553    
Staff Cost (As % Of Total Cost) % ... ... ... ... ...   16.2 16.7 18.3 17.8 18.0    
Effective Tax Rate % ...           21.6 -12.5 11.6 20.6 20.7    
Enterprise Value (EV) USD mil ... ... ... ...     633 1,192 1,593 767 634    
EV/EBITDA ... ... ... ...     2.71 7.07 13.1 4.21 6.22    
EV/Capital Employed ... ... ... ...     0.567 1.18 1.59 0.756 0.646    
EV/Sales ... ... ... ...     0.369 0.769 0.980 0.431 0.397    
EV/EBIT ... ... ... ...     6.35 -40.7 15.1 15.0 22.8    
Capital Expenditures (As % of Sales) % ...           5.51 4.37 4.67 4.46 4.79    
Sales of Lighting Segment EUR mil ... ... ... ... ... ... 866 817 869 936 936    
Sales of Components Segment EUR mil ... ... ... ... ... ... 366 367 437 377 377    
Sales in Europe EUR mil ... ... ... ... ... ... 950 878 951 978 978 ... ...
Sales in Asia EUR mil ... ... ... ... ... ... 89.0 96.0 111 109 109 ... ...
Sales in Australia & New Zealand EUR mil ... ... ... ... ... ... 90.0 101 120 106 106 ... ...
Sales in the America EUR mil ... ... ... ... ... ... 32.0 30.0 35.0 39.0 39.0 ... ...
Sales in the Rest Of The World EUR mil ... ... ... ... ... ... 8.00 9.00 12.0 11.0 11.0 ... ...

Get all company financials in excel:

Download Sample   $19.99

Feb 2014
Statistical Dossier
Feb 2014
Company Report

Zumtobel AG is an Austria-based supplier of integral lighting solutions for professional indoor and outdoor building lighting applications. The Company operates in two business segments: Lighting and Components. The Lighting Segment covers luminaries, lighting management and lighting solutions business for indoor and outdoor applications, and comprises the brands Zumtobel and Thorn, as well as original equipment manufacturer (OEM) brand Reiss. The Components Segment is focused primarily on the development and marketing of control gear for conventional lighting components, light-emitting diodes (LED) converters and LED/organic light-emitting diode (OLED) modules, lighting management systems and connection technology under the Tridonic brand. In 2013, the Company had over 5,000 employees.