Artistic Annual Report 2018/19

Zumtobel Group Light Financial Year 18 20 19 Rossella Dazio 2011 Lion Haag Jonathan Sedding 2010 Corinne Räz Lorenz Brunner 2013 Mevion Famos Manon Mottet 2016 Ria Cavelti 2013 Dear shareholders, business partners and friends of the Zumtobel Group, 6 The 2018/19 financial year was a year Brand Reports acdc 16 of transition for the Zumtobel Thorn, Thorn Eco 20 Tridonic 24 Group. We did our homework Zumtobel 30 and, through the implementation Facts and Figures Five-Year Overview 36 of a restructuring course, Group Management 42 Report improved profitability — which Consolidated Financial 60 also means we met the target Statements Service 68 announced for this financial year. Imprint 70 Now we are looking towards the future. Our goal is to restart our growth course and further improve profitability. The Management Board of the Zumtobel Group sees 2019/20 as a year of transformation, in which the focus of activities will return to the continuous improvement of the operating business and growth — in spite of the weakening market environment. For the 2019/20 financial year, the Management Board expects a slight increase in revenues as well as an improvement in the adjusted EBIT margin to 3 – 5%. The medium-term goal of generating an EBIT margin of roughly 6% by the 2020/21 financial year remains intact. 7 In order to drive revenue growth, the Zumtobel Group intends to strengthen its positioning in the global lighting industry as part of its current reorientation. The strategy approved in September 2018 will be consistently pursued. Its goal for the Lighting Segment — with the core Zumtobel and Thorn brands — is to become the market leader in Europe with a focus on applications in industry, office & education, shop & retail and art & culture. Outdoor applications will concentrate on lighting for urban areas and roads. The Components Segment with its technology brand Tridonic will expand globally based on innovative hard- ware (drivers, LED modules) and software solutions for smart and integrated lighting and lighting systems. The Zumtobel Group will also increase its focus on the future field of digital lighting as well as services and turnkey solutions. Ladies and gentlemen, I look forward to the chal- lenges which the new financial year will bring. We can rely on our dedicated and excellently qualified employees — who I would expressly like to thank on behalf of the entire Management Board for their commitment and performance. My colleagues and I would also like to thank our customers, partners, suppliers and shareholders for their confidence, support and open dialogue. Alfred Felder Chief Executive Officer (CEO) 8 Do you want to know more about the design concept? Design Concept Do you want to know more about the design concept? Light is life. Light is perception. Light sets the stage for our lives. Light is energy — yet it has no tangible presence. It is dynamic but has no physical dimensions. We can feel it — yet it cannot be touched. It refracts and reflects, it reveals and extends. Light is versatile — yet it is often not properly interpreted. Light needs to be conveyed — and this is the mission our company is committed to. Zumtobel has a long tradition of engaging in dialogue with the art and culture scene. The result- ant bonds have shaped the development of our company over time and played an important part in establishing the success of the Zumtobel brand. As a sign of our strong links with the creative community, we have a long-established practice of inviting artists, architects and designers to interpret and express their understanding of the interplay between light and our brand. Within the creative dialogue, artistic freedom is an essential prerequisite for creativity and new insights. 10 Therefore, we are delighted to have won the renowned architect and longstanding friend of our company Professor Dietmar Eberle to design this year’s 28th edition of our artistic Annual Report. Together with Sascha Lötscher from the design agency Gottschalk+Ash Int’l, Professor Eberle deals with the interplay of light and space and the ways in which light can be made visible. The designers look at light from an architectural perspective, using photographs to show a range of lighting scenes in space. These lighting scenes were realised by students as part of Professor Dietmar Eberle’s work at ETH Zurich. Light is made visible with the photographs arranged in sequence, from dark to light. This specific arrangement creates an interplay of contrasts — black and white, dark and light — that merge together, becoming visible in the process. Following the concept of this light play, the Annual Report is arranged in order from Z for Zumtobel through to A for architecture. A core element of this year’s edition is the mention of our employees, whose names are integrated into the Annual Report. Our employees play a vital part in our company’s innovative strength and contribute to a successful future of the Zumtobel Group. For the first time, our artistic Annual Report will also cover the digital dimension by incorporating videos via QR codes, making this edition a truly holistic experience. We hope you enjoy this unique collector’s item. With best wishes Jürg Zumtobel Chairman of the Supervisory Board of the Zumtobel Group 11 Thomas Meyer 2009 Tiziana Schirmer 2013 Arthur de Buren Jonatan Egli 2011 16 acdcbrand report acdc shows major growth in outdoor the high-level turquoise turrets washed by acdc 16° acdc continues to grow and develop as part of PLAZA 20 floodlights. The overall result is an incredible Zumtobel Group, with the company taking the lead in yet classic example of a simple, integrated and seamless outdoor architectural lighting within the Group, design. expanding by over 35% within the 2018/19 financial year. Another iconic project within the UK was the The company completed projects all over the world, illumination of the Royal Opera House, London, which with the UK, Middle East and Central Europe represent- was given a new lease of life following a spectacular ing the largest areas of success. programme of refurbishment. The Grade I listed build- acdc has a broad portfolio of products and focuses ing has been opened up — bringing people closer primarily on the areas of outdoor architecture and to the arts. acdc’s PLAZA S3x bring a sparkle to Paul building surrounds with an exciting roadmap and prod- Hamlyn Hall. Once a flower market, it now functions uct development programme. The company’s clearly as a restaurant and champagne bar and occasional defined strategy was rewarded by a 70% increase in out- performance space. Outside, in Covent Garden’s piazza door revenue in the 2018/19 financial year. By combining and retail colonnade, PLAZA floodlights are subtly acdc’s extensive product design and outdoor applica- integrated into the façade. Drawing in the crowds, these tion experience with the very latest in technologies, the compact surface-mounted gems dramatically emphasise company will see the launch of more than eight exciting the building façade’s features. new product ranges in the 2019/20 financial year, a Within MEIA, acdc has had the privilege of pro- strategy underpinned by a dual technology and luminaire viding a lighting solution for the façade of the new platform logic, which it has been working with since Royal Atlantis Hotel in Dubai. Illuminated by BLADE, late 2017. low glare was of high importance. acdc worked closely with the specifiers, including experimenting with louvres Creating amazing experiences and optics. This ensured acdc could provide luminaires with light around the world that met the project requirements. Due to open towards Within acdc’s home ground (the UK!), there have the end of 2019, the resort will feature a mix of con- been a number of key projects throughout the last temporarily styled living areas with apartment balconies financial year — none more so than Tottenham Hotspur and wall ends being illuminated by over 4000 of acdc’s Stadium. A Zumtobel Group project, acdc’s BLADE BLADE linear luminaires. created the instantly recognisable halo of light whilst acdc continues to make progress across Europe, also setting the scene of what’s to come by illuminating where it was selected to supply the lighting for the façade. These RGB Linear luminaires allow the Avala Tower, Belgrade. A landmark well known not only lighting scheme to create a destination for fans and in Belgrade but also in all of Serbia and throughout visitors, guiding them towards the stadium. FUSION 48 the former Yugoslavia, Avala Tower is currently the floodlights illuminated the roof canopy — a blank tallest tower in the Balkan region and a symbol of new canvas where light shows can be created to offer guests a technologies and prosperity for the people of Belgrade. dynamic and memorable visitor experience. A customer- The huge concrete pillar is illuminated by 45FUSION first approach in close cooperation with the project luminaires from the acdc portfolio — installed on all architects and consultants (including several mock-ups three sides. The “legs” of the pillar are illuminated by two and intensive testing) ensured acdc could provide a FUSIONs on each side, with three luminaires on range of fittings to create the next level in stadium guest the antenna. Avala Tower is one of the top five tourist experience. destinations in Belgrade, and thanks to its new When it comes to hotels, take a walk to London’s illumination this symbol will be visible from all over Russell Square and you can’t miss the stunning Principal the city. Hotel — a landmark Grade II listed building originally opened in 1898. With a focus on colour temperature, con- New design logic enabling a dynamic, cern was raised that the terracotta exterior would fast-moving development roadmap produce an overly warm lighting effect.

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