主要照明厂商世界100家公司的财务分析 - 资料库和摘要整理

由于贸易摩擦与地缘政治学不稳定从2019年开始稳步下降，2020年的COVID-19危机之后，2021年照明部门大幅度恢復。

2021年的销售额，除了平均销售额缩小了5％的小企业，在全部的规模等级记录了增加。仅大企业分类的群组，从2017年到2021年趋势正向，同时2021年的结果是2位数。

整体样本调查:各照明市场区隔企业数，
企业规模，地区

本报告提供主要照明厂商世界100家公司的财务分析，照明部门的业绩，600家公司的资产负债表的主要财务资料，销售成长率指标，盈利，财务结构，僱用，生产率，各市场区隔、地区的分析等资讯。

本报告刊载的企业

Acuity Brands(美国)，AEC(义大利)，Alto(韩国)，Arkoslight(西班牙)，Artemide(义大利)，Bega(比利时)，Bisong Lighting(中国)，Catellani & Smith(义大利)，Celsa(哥伦比亚)，Delta Light(比利时)，Dextra Group(英国)，Eclatec(法国)，Eglo(奥地利)，Endo Lighting(日本)，EXC-LED Technology(中国)，Fagerhult(SE)，Flos(义大利)，FSL(中国)，Gewiss(义大利)，GMR Enlights(义大利)，Haoyang(中国)，Hella(德国)，Hubbell(美国)，Intra Lighting(斯洛维尼亚)，Inventronics(中国)，Iwasaki(日本)，Koito Manufacturing(日本)，Lamplast Finanziaria(义大利)，LEDs C4(西班牙)，Leedarson(中国)，Lightnet(波兰)，Lighting and Urban Equipment(越南)，Ligman(泰国)，Lival(芬兰)，Lombardo(义大利)，Louis Poulsen(丹麦)，LSI(美国)，Luceco(英国)，Maltani(韩国)，MK Illumination(斯洛伐克)，MLS(中国)，Molto Luce(奥地利)，Nemo(义大利)，Nowodworski(波兰)，Ocean's King Lighting(中国)，O Luce(义大利)，Opple(中国)，Pars Shahab(IR)，Performance In Lighting(义大利)，PUK Italia(义大利)，Ragni(法国)，Rangdong(越南)，Reggiani(义大利)，Roy Alpha(哥伦比亚)，Schreder(比利时)，SG Armaturen(挪威)，Signify(荷兰)，Simes(义大利)，Sunway Opto-Electronic(中国)，Thorpe(英国)，Topmet(波兰)，Ushio(日本)，Viabizzuno(义大利)，Vizulo(立陶宛)，Wever & Ducre(比利时)，Wooree(韩国)，Xal(奥地利)，Zumtobel(奥地利)

目录

摘要整理

第1章 样本的选择，调查手法，及定义

第2章 照明部门的成果

• 总样本分析:主要财务资料，盈利与结构的比率，僱用与生产率(2017年～2021年)，总合价值和平均值

第3章 各地区分析

• 总照明部门:主要财务资料和比率(2017年～2021年)，下个每个地区合计值和平均值
  • 欧洲
  • 日本和韩国
  • 中国
  • 亚太地区
  • 美国

第4章 照明各市场区隔分析

• 主要财务与资料比率(2017年～2021年)，下面的照明各市场区隔总合价值和平均值
  • 照明设备
  • 照明零件
  • 汽车照明

第5章 各企业规模分析

• 总照明部门:主要财务资料和比率(2017年～2021年)，各企业规模合计值和平均值
  • 超大企业(2021年的销售额:10亿美元以上)
  • 大企业(2021年的销售额:1亿美元以上不满10亿美元)
  • 中规模企业(2021年的销售额:1,000万美元以上不满1亿美元)
  • 中小企业(2021年的销售额:不满1,000万美元)

第6章 同类中的翘楚企业:大企业

• 照明部门的同类中的翘楚企业(大企业):主要财务与资料比率(2017年～2021年)，总合价值和平均值
• 照明部门的同类中的翘楚企业(大企业):各主要财务与资料比率，盈利和财务结构的指标，各企业劳动指标(2021年)，各营业收益排行榜

第6章b 同类中的翘楚企业:中小企业

• 照明部门的同类中的翘楚企业(中小企业):主要财务与资料比率(2017年～2021年)，总合价值和平均值
• 照明部门的同类中的翘楚企业(中小企业):各主要财务与资料比率，盈利和财务结构的指标，各企业劳动指标(2021年)，各营业收益排行榜

第7章 对建筑及户外企业的关注

• 建筑及室外照明的主要企业:主要财务与资料比率(2017年～2021年)，总合价值和平均值
• 各主要财务与资料比率，盈利和财务结构的指标，各企业的劳动指标(2021年)，各营业收益排行榜

附录:600家公司的清单:各财务资料，网站，证券交易所索引，持有资料

The report “Financial Analysis of 100 Major Lighting Manufacturers Worldwide”, now at its third edition, is the result of CSIL processing of a dataset made up of a large number of balance sheets (600 companies, for the period 2017-2021), including lighting fixtures, lighting components and lighting automotive manufacturers.

The purpose of this study is to assess the recent trends and structural characteristics of the lighting industry through the analysis of the balance sheets for the years 2017 to 2021 of a group of around 600 companies based worldwide and to identify, among them, the top 100 performing companies in the business. Top 100 players are reported separately as Big (over 50 million USD turnover) and Small players. In addition, a focus on the financial results of architectural and outdoor-oriented lighting companies is provided.

The total sample analysed, for which an homogeneous time series were available (approximately 500 companies), shows an average workforce of over 750 employees and an average turnover of over USD 158 million in 2021. In absolute terms, the industry exhibits a 2021 turnover of about USD 77 billion, an EBIT in excess of USD 5 billion, almost 365 employees.

The Report is made up by a short executive summary (around 50 pages) and an Excel database of company financial data and sector average.

The sample was selected according to the following criteria:

• availability of balance sheet data (consolidated and/or unconsolidated accounts);

• company turnover of over US$ 5 million in one of the years between 2017 and 2021;

• company's core activity corresponding to one of the following NACE codes 2740: Manufacture of electric lighting equipment.

The sample of 600 companies analysed was broken down by geographical area, lighting segment, turnover range.

Sample by geographical area:

• 290 European companies
• 165 Japanese and South Korean companies
• 77 Chinese companies
• 18 Asian Pacific companies
• 20 American companies.

Sample by lighting segment:

• Lighting fixtures, 509 players
• Automotive Lighting, 16 players
• Lighting Components (semi-finished products, lighting sources), 74 manufacturers.

Sample by turnover range:

• 14 Very Big companies (Turnover 2021 over USD 1,000 million)

• 64 Big companies (Turnover 2021 over USD 100 million and under USD 1,000 million)

• 308 Mid-sized companies (Turnover 2021 over USD 10 million and under USD 100 million)

• 213 Small companies (Turnover 2021 below USD 10 million)

The analysis considers a selection of productivity/profitability indicators available from the balance sheets.

• Key financial data: Operating Revenue (Turnover), Added Value, P/L before Tax, Net Income, EBITDA, EBIT

• Turnover indicators: Total Assets, Shareholders Funds, Cash Flow

• Profitability ratios: Profit margin, ROE, ROA, EBITDA margin, EBIT margin

• Structure ratios: Current and Solvency ratio

• Employment data and per employee ratios: Number of Employees, Turnover per Employee, EBIT per employee, Average cost of employee, Costs of employees / Operating revenue.

Annexed Excel File containing:

• Financial tables on average lighting sector performance 2017-2021, based on the 600 companies' sample;

• Companies' "Best in Class" selected data (top 100 performing players in 2021, "Big" and "Small");

• Website, Stock Exchange reference, Holding data for 600 companies (when available);

• Operating revenue (Turnover) 2021, number of employees and EBITDA available for around 600 companies.

The report is structured as follows:

• Lighting sector performance. Analysis of Key financial data of 600 balance-sheet, for the period 2017-2021. Overview of the total sample in terms of turnover growth and turnover indicators, profitability, financial structure, employment, and productivity.

• Analysis by geographical area. This chapter breaks down the sample of 600 companies by five geographical area, highlighting key financial data and ratios for each area.

• Analysis by lighting segment. Each company is classified according to its core activity. The following Lighting segments are identified: Lighting Fixtures, Lighting Components, Automotive Lighting.

• Analysis by company size. The sample of 600 companies was broken down by five turnover ranges, ranging from less than USD 10 million, to over USD 1,000 million during the last available year.

• Analysis of the "best in class" companies. 100 companies were selected from the sample of 600 companies, grouped in "Best in Class" big players and "Best in Class" small players.

• Analysis of the Architectural and Outdoor companies. Performance analysis of a sample of 49 Architectural-oriented lighting companies and 35 Outdoor-oriented lighting companies.

Highlights:

Total Sample Survey: number of companies by lighting segment,
company size, geographic area

After a steady decline started in 2019, as a result of trade frictions and geopolitical instabilities, and confirmed in 2020 due the Covid-19 crisis, 2021 shows a massive recover for the lighting sector.

The profitability indicators describe a sector with positive but decreasing return.

EBITDA margin was around 7.5% in 2021.

The average turnover per employee is approximately USD 211,000, slightly increased over the last five years.

All the size class recorded increases in turnover in 2021 except for small companies, whose average turnover contracted by 5%. Only the group classified as Big Companies reported a positive 2017-2021 trend as well as a double-digit 2021 result.

The Architectural Lighting players are on average more profitable than the total sample, all the considered profitability indicators are almost twice the average ones. The Outdoor Lighting players are slightly more profitable than the average, as three out of five profitability indicators are above the sample average.

Selected Companies:

Acuity Brands (USA), AEC (IT), Alto (KR), Arkoslight (ES), Artemide (IT), Bega (BE), Bisong Lighting (CN), Catellani & Smith (IT), Celsa (CO), Delta Light (BE), Dextra Group (UK), Eclatec (FR), Eglo (AT), Endo Lighting (JP), EXC-LED Technology (CN), Fagerhult (SE), Flos (IT), FSL (CN), Gewiss (IT), GMR Enlights (IT), Haoyang (CN), Hella (DE), Hubbell (USA), Intra Lighting (SI), Inventronics (CN), Iwasaki (JP), Koito Manufacturing (JP), Lamplast Finanziaria (IT), LEDs C4 (ES), Leedarson (CN), Lightnet (PL), Lighting and Urban Equipment (VN), Ligman (TH), Lival (FI), Lombardo (IT), Louis Poulsen (DK), LSI (USA), Luceco (UK), Maltani (KR), MK Illumination (SK), MLS (CN), Molto Luce (AT), Nemo (IT), Nowodworski (PL), Ocean's King Lighting (CN), O Luce (IT), Opple (CN), Pars Shahab (IR), Performance In Lighting (IT), PUK Italia (IT), Ragni (FR), Rangdong (VN), Reggiani (IT), Roy Alpha (CO), Schreder (BE), SG Armaturen (NO), Signify (NL), Simes (IT), Sunway Opto-Electronic (CN), Thorpe (UK), Topmet (PL), Ushio (JP), Viabizzuno (IT), Vizulo (LT), Wever & Ducre (BE), Wooree(KR), Xal (AT), Zumtobel (AT).

TABLE OF CONTENTS

EXECUTIVE SUMMARY

1. SAMPLE SELECTION, METHODOLOGY AND DEFINITIONS

2. LIGHTING SECTOR PERFORMANCE

Total sample analysis: Key financial data, Profitability and Structure ratios, Employment and productivity, 2017-2021. Total and mean values

3. ANALYSIS BY GEOGRAPHICAL AREA

Total lighting sector. Key financial data and ratios, 2017-2021. Total and mean values by the following areas:

• Europe
• Japan and South Korea
• China
• Asia Pacific
• America

4. ANALYSIS BY LIGHTING SEGMENT

Key financial data and ratios, 2017-2021. Total and mean values by the following lighting segments:

• Lighting Fixtures
• Lighting Components
• Automotive Lighting

5. ANALYSIS BY COMPANY SIZE

Total lighting sector. Key financial data and ratios, 2017-2021. Total and mean values by company size:

• Very Big companies (turnover 2021 over 1000 USD million)

• Big companies (turnover 2021 over 100 million USD and under 1000 million USD)

• Mid-sized companies (turnover 2021 over 10 million USD and under 100 million USD)

• Small companies (turnover 2021 under 10 USD million)

6a. BEST IN CLASS COMPANIES: BIG PLAYERS

• Best in Class companies in the Lighting sector: Big players. Key financial data and ratios, 2017-2021. Total and mean values

• Best in Class companies in the Lighting sector: Big players. Selected key financial data and ratios, profitability and financial structure indicators, labour indicators by Company, 2021. Ranking by Operating revenue

6b. BEST IN CLASS COMPANIES: SMALL PLAYERS

• Best in Class companies in the Lighting sector: Small players. Key financial data and ratios, 2017-2021. Total and mean values

• Best in Class companies in the Lighting sector: Small players. Selected key financial data and ratios, profitability and financial structure indicators, labour indicators by Company, 2021. Ranking by Operating revenue

7. FOCUS ON ARCHITECTURAL AND OUTDOOR COMPANIES

• Top architectural and outdoor lighting players. Key financial data and ratios, 2017-2021. Total and mean values

• Selected key financial data and ratios, profitability and financial structure indicators, labour indicators by Company, 2021. Ranking by Operating revenue

ANNEX: LIST OF 600 COMPANIES: SELECTED FINANCIAL DATA, WEBSITE, STOCK EXCHANGE REFERENCE, HOLDING DATA