Artistic Annual Report 2019/20

WERNER SOBEK : 17 THESES Zumtobel Group Annual Report 2019/2020 WERNER SOBEK : 17 T H E S E S Zumtobel Group Annual Report 2019/2020 The appearance, specifications and production of this year’s Zumtobel Group AG Annual Report form an integral component of my overall design concept – a concept in which sustainability, functionality and aesthetics are inextricably interwoven. The booklet format, for example, was determined by the requirement of utilising the printed sheets to the maximum, i.e. generating as little waste as possible when cutting the pages. The paper of course had to be an uncoated natural paper origi- nating from certified sustainably managed forests. In Pergraphica Classic Smooth 100 g/m² I also deliberately chose a very lightweight paper with a top-quality sur- face feel. The lightness of the paper means that fewer resources are needed for its production while also reducing transport weight. I deliberately abstained from adding a differ- ent cover material and minimized the binding. A simple red thread sews the sheets together and enables sub- sequent separation according to material type. For the typeface I chose Whyte by Dinamo, printed with a custom-made shade of red. Just one min- eral oil-free ink was used. After printing, the sheets were aligned at the right-hand edge, folded where necessary and trimmed. Finally, after the stitching of the spine, the sheets were trimmed again at the left-hand edge. At the end of the process each copy was carefully and individ- ually wrapped in translucent glassine paper. Every consideration, every decision and every individual step in the design and production of this Annual Report represent my ceaseless endeavour to achieve the best possible symbiosis of aesthetics, sustainability and top-quality handcraft and technique. It almost goes without saying that I chose one of the world’s oldest printing businesses to produce the report. “DZA Druckerei zu Altenburg” produced the 2019/2020 Zumtobel Group AG Annual Report to our specifications and in a process of close collaboration, bringing to this project all the expertise, passion and meticulous attention to detail accrued over a 425-year company history. And – of course – the Annual Report is easily and fully recyclable. Werner Sobek PREFACE 5, BRAND REPORTS acdc 13, PREFACE Thorn 18, Tridonic 23, Zumtobel 27, WERNER SOBEK: 17 THESES 32, FACTS AND FIGURES Five-Year Overview 72, Group Management Report 74, Consolidated Financial Statements 97, SERVICE 100 Dear shareholders, business partners and customers, In the 2019/2020 financial year, we reached an important milestone in spite of the unprecedented challenges during the last weeks caused by the COVID-19 pandemic: the Zumtobel Group is again generating solid earnings. The development of earnings shows that we are on the right track with the consistent implementation and ongoing development of our FOCUS strategy. We have steadily improved the Group’s competitiveness and have made the company as a whole more robust. As a lean and efficient company we are able to achieve sustainable economic success. The past weeks since the outbreak of the pandemic have once again clearly shown us how existentially important sustainable business activities are. Sustainability is an existential question affecting us all. Operating sustainably also means thinking in the long term, across generations, and considering the lasting impacts of the things you do. In terms of our corporate responsibility, our goal must be to create not only an economically sustainable environment, but also socially and ecologically stable con- ditions for future generations. With our core product light we are serving a basic human need. Light creates well-being, as research increas- ingly demonstrates; light plays a part in shaping our built environment. What motivates us more than anything is to give people the best possible quality of light – and we want to do this sustainably, by providing future-oriented lighting solutions that use ever less energy and resources. Focusing business activities on sustainability is a goal that Professor Werner Sobek – a highly appreciated exponent of sustainable construction and also the designer of this year’s Annual Report – has also been pursuing for years. With his 17 theses, Professor Werner Sobek is adding a 7 Preface critical and constructive vision of the future to the Zumtobel Dear friends of the Zumtobel Group, Group’s Annual Report. According to him, the theses are a warning, an explanation and a perspective. Their aim is to The Zumtobel Group’s Annual Report for the 2019/2020 create awareness and stimulate a purposeful discussion financial year is dedicated to the subject of sustainabil- about our future, which we need to shape together much ity. In Professor Werner Sobek we have been able to win more consciously and actively than before. over the foremost exponent of a holistic approach to sus- Ladies and gentlemen, we will continue our set course, tainability in the building industry to design this year’s which is beginning to show results, while also working report. intensively over the coming months to master the chal- Even before the word “sustainability” took on its cur- lenges created by the Corona pandemic. Despite the rent meaning, sustainability was already circulating below pandemic, we will use our time to further secure the foun- the radar as an idea. And in people of a forward-thinking dations for our future profitable and sustainable growth. mindset it was already producing results. It defined the In doing so we can rely on our dedicated employees, who principles that guided our father Dr Walter Zumtobel, who I would like to warmly thank on behalf of the entire Man- founded the company in 1950. From the start, it guided agement Board for their commitment, loyalty and collabo- the young company’s policy, which was focused on the ration. We would also like to thank you, our shareholders, long-term view. partners and customers, for your support, your open dia- The shift from incandescent lamps to fluorescent logue and your trust – especially in these challenging times. lighting marked a new era in lighting technology. Operating a fluorescent lamp requires a ballast and a starter. The Alfred Felder new-generation ballasts supplied by Zumtobel had two Chief Executive Officer (CEO) key advantages: they used less energy and they saved on materials. These powerful, compelling arguments were the factors that drove the new products’ success – and key success factors for the young company, too. “Reduce, reuse, recycle” is how we would describe it today. Yet turning the vision of an engineer and company founder into reality needs people who understand this vision, people who get inspired by these ideas – which is when they become realistic visions. People who come up with their own initiatives to make things around us better, more attractive and more sustainable. Showing creative tenacity. As in the architecture we have developed in this country over the generations. Customer-focused from the outset, because we live in this architecture ourselves. And innovation-focused, too, 8 9 Preface because innovation motivates us: it is a way of life for us, BRAND REPORTS our tradition. More so than ever in the age of digitalisation, which we are driving forward, and which is in the process of shaking up our world. After all, digitalisation itself works rather like a large- scale ballast, metaphorically speaking: it helps us to cut back the amount of energy and materials we need to use. And a good deal more besides, if we use it intelligently. Here, too, we are once again leading the way. My sincere thanks, therefore, go to all our employees. They are the key to our future success – just as it was their commitment, through the past 70 years in the fas- cinating world of light, that laid the foundation for the Zumtobel Group’s success to date. Jürg Zumtobel 10 acdc Turning spaces into experience With a clear expertise and focus on outdoor architectural illumination, acdc is an integral part of the Zumtobel Group that combines aesthetic product design with extensive application knowledge to complement any outdoor land- scape and turns spaces into experience. Innovation and technology at acdc’s core Over the last 18 months, acdc has launched numerous new products to take advantage of new technologies within the lighting industry. These are specifically targeted around optical design, connectivity and beam shaping. In the 2019/2020 financial year, acdc launched the ONE technology platform, the luminaires PLAZA R, ORA RCi and finally the Red Dot design award winner for lighting design 2020, the PLAZA Si. This has been a breakthrough year for acdc when it comes to innovation and new products. The idea of the ONE technology platform came from the design community – aiming to give them the maximum amount of flexibility in one solution. This is where the concept of ONE solution with infinite possibilities was born. The ONE technology platform consists of three integral elements: 5D lens, Clean Beam Design and User Connect. Together this trio gives users the opportunity to create endless bespoke lighting schemes using the same luminaires from their smartphones. As an architectural illumination business, acdc priori- tises the lit effect above all else, resulting in the development philosophy of Clean Beam Design. The idea of this philosophy is that light should be controlled through only one optic, reducing unwanted shadowing on the architectural features. acdc’s single optic controls the full angle of the beam in order to become more precise. This is also 12 13 Brand Reports acdc important when mixing colours. The traditional method projects. Other benefits are for example that the user can of having multiple optics to control individual red, green, easily change and commission the scenes, unlike with more blue, and white LEDs will always force the light to mix complex DMX systems.

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