DGAP-Adhoc: OSRAM Licht AG: Revenue and profit outlook for fiscal year 2016 raised due to an ongoing positive business development in the second quarter.

OSRAM Licht AG  / Key word(s): Quarter Results/Change in Forecast

18.04.2016 14:55

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.


  


Due to an ongoing positive business development in the second quarter the
managing board of OSRAM Licht AG raises the revenue and profit outlook for
fiscal year 2016.

Based on preliminary figures, comparable revenue for the second quarter
grew 3.0% to 1.426 billion Euros compared to the prior year's quarter and
adjusted EBITA margin saw another year-on-year improvement to 12.2%.

Following the successful first half year and based on today's discussions,
the managing board expects comparable revenue to be above the prior year
level and an adjusted EBITA margin of above 10% for the full fiscal year
2016.

Besides the continuation of positive first quarter trends, improved second
quarter sales developments, especially for the segment Lamps (LP) and
Lighting Solutions & Systems (LSS), have been recorded. The segments
Specialty Lighting (SP) and Opto Semiconductors (OS) once again benefited
from a favorable product mix, ongoing strong dynamics in the North American
automotive market as well as the Chinese automotive sector being supported
by government incentives. OS earnings also benefited from positive currency
effects.

All abovementioned second quarter figures are preliminary figures and
therefore approximations. Full second quarter results for fiscal year 2016
will be disclosed on April 27, as planned.



  


Information and Explanation of the Issuer to this News:

Contact:
Boris Tramm
Head of Investor Relations

OSRAM Licht AG
Investor Relations
Marcel-Breuer-Straße 6
80807 Munich, Deutschland
Tel. +49 89 6213-4686
mailto:b.tramm@osram.com
www.osram.com

18.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


  


Language:     English
Company:      OSRAM Licht AG
              Marcel-Breuer-Straße 6
              80807 München
              Germany
Phone:        +49 89 6213-0
Fax:          +49 89 6213-3629
E-mail:       ir@osram.com
Internet:     www.osram-licht.ag
ISIN:         DE000LED4000
WKN:          LED400
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich;
              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
              Hanover, Stuttgart; Terminbörse EUREX

End of Announcement                             DGAP News-Service


  

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