[5] In the financial year from May 2017 to April 2018, the company recorded a loss of 46.7 million euros due to pricing pressure and currency effects and did not pay out a dividend for this period.

As a result of uncertainties related to Brexit and price pressure caused by intense competition in the lighting industry, revenue declined by 2.9 percent to 1.162 billion euros.

Adjusted Group EBIT almost doubled to 53.9 million euros despite a slight decline in revenues due to the global COVID-19 pandemic.

[8] In the 2020/21 financial year, the Zumtobel Group recorded a more than 100% increase in net profit to 45.6 million euros, despite a 7.7 percent decline in revenues due to the ongoing effects of the COVID-19 pandemic.

[12] In 1959, Walter Zumtobel travelled to the United States for the first time to visit the luminaire manufacturer Day-Brite Lighting, in St.

In 2000, the British company Wassall plc was acquired with the assistance of the American equity capital partner Kohlberg Kravis Roberts & Co. (KKR), and the Thorn Lighting Group was merged with Zumtobel’s luminaire business; the components business of Thorn was transferred to the Tridonic Division.

KKR sold its remaining share of 5.5 percent after the initial public offering to an institutional investor in an off-exchange transaction in December 2006.

In addition, the expansion of Beijing International Airport in China as well as parts of the Burj Khalifa in Dubai, the Emirates Palace in Abu Dhabi, the Bolte Bridge in Melbourne, Australia and the Cathedrale la Seu in Mallorca, Spain have been equipped with innovative lighting solutions.

Other showcase projects of the Zumtobel Group include the Skylink terminal at Vienna Airport, with a contract volume of 10 million euros, the lighting of football stadiums such as the Allianz Arena, Munich and the Tottenham Hotspur Stadium as well as the Guggenheim Museum in Bilbao and the James Simon Gallery in Berlin, which was designed by David Chipperfield, or the Elbphilharmonie in Hamburg.

[20] Alfred Felder has been CEO since 6 June 2018;[21] Thomas Tschol took over the function of CFO as of 1 April 2018; Bernard Motzko has been COO since 1 February 2018.

The new technology and innovation centre in Porto, headed by João Granjo Lopes, develops software for smart light management and control systems.

For this purpose, the company's old factory hall in Höchsterstraße was refurbished within a year into a 4,000-square-metre presentation area, where lighting innovations can be experienced.

The design concept, developed in cooperation with the Innsbruck studio of the Norwegian architecture firm Snøhetta, created space for a world of light that customers can experience with all their senses.

In 2019, the European Investment Bank approved loans to broaden the company’s research into connecting lighting to digital services.

[30] Ever since 1991, the Zumtobel Group has invited figures from the fields of architecture, graphic design and art to present their take on the subject of light and the development of the company.

In addition to graphic designers like Italo Lupi, Neville Brody, Per Arnoldi and Stefan Sagmeister, with whom the artistic design began, artists including Gerhard Merz, Siegrun Appelt, Olafur Eliasson, Anish Kapoor and James Turrell as well as architects like Dominique Perrault, Hani Rashid / Asymptote, François Roche / Studio R&Sie(n), Sejima Kazuyo and Ryue Nishizawa / SANAA, David Chipperfield / DCA, Kjetil Thorsen / Snøhetta, Elizabeth Diller / Scofidio and Renfro and Yung Ho Chang / Atelier FCJZ have been commissioned to design the Artistic Annual Report.

The report presents the role of natural light in the vernacular architecture of Burkina Faso, Africa, capturing the strong contrasts between the blinding sunlight outside the buildings and the complete darkness inside.

[33] The Artistic Annual Report 2021/22 was designed by Ben van Berkel, UNStudio, and used transformation as a central theme in architecture and the built environment.