DGAP-Adhoc: OSRAM Licht AG: OSRAM achieves successful start into fiscal year 2016 and raises profit outlook

Released : 01/18/2016 14:45

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

18.01.2016 14:45

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Based on a nominal revenue increase of 6.0% and cost discipline, OSRAM achieved a successful start into fiscal year 2016. Judging from today's review of preliminary first quarter figures, the managing board expects a comparable growth of 0.4% to 1.477 billion Euro for the first quarter as well as a year-on-year improvement in the adjusted EBITA margin by 100 bps to 11.8%. All reporting segments contributed to this development. In particular, the segments Specialty Lighting (SP) and Opto Semiconductors (OS) 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. Moreover, Lamps (LP) saw encouraging revenue development, which positively impacted factory load and, consequentially, segment profit. In addition, OS recorded unexpected high license income during the course of the first quarter. Due to these promising first quarter results, the managing board now expects an adjusted EBITA margin for the full fiscal year of more than 8%. All abovementioned first quarter figures are preliminary figures. Full first quarter results for fiscal year 2016 will be disclosed on February 3, as planned.
Information and Explaination of the Issuer to this News: Contact: Boris Tramm Head of Investor Relations OSRAM Licht AG Investor Relations Marcel-Breuer-Straße 6 80807 München, Deutschland Tel. +49 89 6213-4686 mailto:b.tramm@osram.com www.osram.com 18.01.2016 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: 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 End of Announcement DGAP News-Service