Ad hoc: OSRAM Licht AG: Revenue and profit outlook for fiscal year 2016 raised due to an ongoing positive business development in the second quarter
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.
OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back more than 100 years. The portfolio ranges from high-tech applications based on semiconductor technology, such as infrared or laser lighting, to smart and connected lighting solutions in buildings and cities. OSRAM had around 33,000 employees worldwide at the end of fiscal 2015 (September 30) and generated revenue of almost €5.6 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR). Additional information can be found at www.osram.com.
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