Ad hoc: OSRAM raises outlook for financial year 2017
In the second quarter of financial year 2017, based on preliminary results, OSRAM achieved for its continued operations revenues of €1.05 billion (9.7 percent comp. growth), an adjusted EBITDA-margin of 17.4 percent and earnings per share (diluted) of €0.81.
OSRAM will publish its preliminary results (continued operations) for the second quarter of financial year 2017 on 3 May 2017. Final results for the second quarter of financial year 2017 as well as the first half of financial year 2017 will be published by OSRAM on 12 May 2017.
OSRAM with headquarters in Munich, Germany is a globally leading lighting manufacturer with a company history of around 100 years. The product spectrum contains high-tech applications based on semiconductor technologies such as infrared and laser. Products are used in a wide variety of applications ranging from virtual reality, autonomous driving and mobile phones to networked, intelligent lighting solutions in buildings and cities. The company is global technology and market leader in the automotive lighting technology sector. OSRAM had approximately 24,600 employees around the world in continued business sectors (without Ledvance) with turnover of 3.8 billion euros to the end of the 2016 fiscal year (30 September). The company is listed on the Frankfurt am Main and Munich stock exchanges under WKN: LED 400 (stock exchange symbol: OSR). For further information, see www.osram.com.
This notification contains forward-looking statements, which are based on the current expectations and assumptions of the management board of OSRAM. These are subject to certain known and unknown risks, uncertainties and other factors. Should any of these risks or uncertainties materialize, actual results, the financial position, performance or development of OSRAM may vary materially from the estimations included in this notification. OSRAM assumes no obligation to update or revise these forward-looking statements in light of future events or developments. Explanations and reconciliations of financial measures used can be found in the Annual Report 2016 of OSRAM Licht AG, available at http://www.osram-group.de/~/media/Files/O/Osram/documents/en/publications/annual-reports/2016/osram-annual-report-2016-en.pdf in particular in section A.2.7.