German craft sector optimism contrasts Austria's Zumtobel cost cuts

In the Schwaben region of Germany, the Handwerkskammer reported that 82% of craft firms now rate their business situation as good or satisfactory, a rise of five percentage points from the previous quarter. Ulrich Wagner, chief executive of the chamber, highlighted strong demand for home renovations and energy‑efficient retrofits, while noting that the new‑build construction segment remains weak, with only 67% of masonry and carpentry firms satisfied.

At the same time, Austria's Zumtobel Group announced that revenue for fiscal year 2025/26 fell about 5% to €1.04 billion as construction and industrial investment slowed across Europe. Operating profit dropped to €42.4 million and the group posted a net profit of €1 million after one‑off costs of €19 million. CEO Alfred Felder said the company will focus on energy‑efficient refurbishment lighting, smart connected systems and strategic partnerships, while cutting dividends and implementing further cost‑saving measures.