DGAP-Adhoc: OSRAM Licht AG: OSRAM withdraws fiscal year guidance

Released : 03/18/2020 17:26

DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Change in Forecast
OSRAM Licht AG : OSRAM withdraws fiscal year guidance

18-March-2020 / 17:26 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.

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

OSRAM Licht AG : OSRAM withdraws fiscal year guidance

Munich , 18 March 2020

Due to the COVID-19 pandemic, OSRAM does not expect to achieve its corporate targets for the current 2020 financial year. Given the unprecedented operational and financial challenges posed by the spread of COVID-19 and the uncertain developments in the coming weeks, the economic impact of the pandemic on OSRAM , however, can neither be adequately determined nor reliably quantified at this time.

The COVID-19 pandemic and the global response measures taken in this context, in particular the increasing number of production shutdowns by customers of OSRAM and the disruption of global supply chains, are expected to have a significant impact on the world economy and in particular on the global automotive industry. This will also affect demand in OSRAM's business units Opto Semiconductors and Automotive, whose activities in automotive business accounted for more than 50% of OSRAM group's sales in the 2019 financial year. In general, ensuring the health and safety of employees is the highest priority for OSRAM . Furthermore, OSRAM is preparing an additional comprehensive package of measures. Amongst others, OSRAM is considering short-time working at locations which are particularly affected, and the temporary closure of some of its own production facilities.

OSRAM's management is constantly and comprehensively monitoring the situation and will take further measures if necessary. OSRAM will further inform the capital market in due course about the progress of this development.


Juliana Baron
Head of Investor Relations

Investor Relations
Marcel-Breuer-Straße 6
80807 München, Deutschland
Tel. +49 89 6213-3030 img
mailto: j.baron@osram.com

18-March-2020 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
EQS News ID: 1001049

End of Announcement DGAP News Service

1001049  18-March- 2020 CET /CEST