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.

Released : 04/18/2016 14:55

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

18.04.2016 14:55

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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