DGAP-Adhoc: Weak start into fiscal year 2019 for OSRAM Licht AG

Released : 01/23/2019 17:46

DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Quarter Results
Weak start into fiscal year 2019 for OSRAM Licht AG

23-Jan-2019 / 23:46 CET /CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Key Words: Quarterly Results

Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (market abuse regulation - MAR)

Ad-hoc: Weak start into fiscal year 2019 for OSRAM Licht AG

Munich, Germany , January 23, 2019 - In the first quarter of fiscal year 2019, the revenue from continuing operations of OSRAM Licht AG amounted to EUR 828 million according to preliminary figures (prior-year quarter: EUR 939 million ), down around 15 percent on a comparable basis (prior-year quarter: +5.7 percent). The adjusted EBITDA margin is expected to be 11.3 percent (prior-year quarter: 18.5 percent). These figures no longer include the business activities of Sylvania Lighting Solutions in the U.S.A. , which has already been sold, nor the European luminaire business, which is up for sale. Both are accounted for as discontinued operations from the first quarter of the fiscal year 2019 onwards.

The weak operating performance is reflected in all three business units. For example, the Opto Semiconductors unit recorded a 16.9 percent decline in revenue on a comparable basis in the first quarter.

The reason for the disappointing revenue development is the accelerated market decline, especially in December 2018 . Particularly affected were the core markets Automotive, General Lighting and Mobile Devices. Foremost, the ongoing trade conflicts, the weak growth in China and the general political uncertainties had a negative impact. As a result, visibility for the quarters ahead will remain significantly low.

The Managing Board has initiated a number of countermeasures, in particular to increase revenue; considerable structural measures have also been initiated in the Opto Semiconductors business unit. This is intended to secure the guidance for the fiscal year. However, the achievement of the guidance is also subject to a revival in order intake in the months ahead.

As originally planned, the financial figures for the first quarter of the fiscal year 2019 will be published on February 7, 2019 .

Person making the notification and point of contact:

Andreas Spitzauer
Head of Investor Relations
Investor Relations
Marcel-Breuer-Strasse 6
80807 Munich, Germany
Tel: +49 (0)89 6213 3030img

23-Jan-2019 CET /CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: OSRAM Licht AG
Marcel-Breuer-Straße 6
80807 München
Phone: +49 89 6213-0
Fax: +49 89 6213-3629
E-mail: ir@osram.com
Internet: www.osram-group.com
ISIN: DE000LED4000
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich ; Regulated Unofficial Market in Berlin , Dusseldorf , Hamburg , Hanover , Stuttgart , Tradegate Exchange

End of Announcement DGAP News Service

769019  23-Jan- 2019 CET /CEST