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
--------------------------------------------------------------------------------

ots Originaltext: SEG Immo AG
Im Internet recherchierbar: http://www.presseportal.de

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