pr-18-04-2016 | ams OSRAM

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.

ABOUT OSRAM

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.

Disclaimer

This document contains statements and information pertaining to our future business and financial performance and future developments that may constitute forward-looking statements – i.e. statements about processes that take place in the future, not in the past. These statements pertaining to the future can be identified by expressions such as "anticipate", "expect", "want", "intend", "plan", "believe", "aspire", "estimate", "will”, "predict" or words of similar meaning. Such statements are based on current expectations and certain assumptions of OSRAM‟s management. They are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond OSRAM‟s control, affect OSRAM‟s operations, performance, business strategy and results and could cause the actual results, performance or achievements of OSRAM to be material different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historic trends. These factors include in particular, but are not limited to the matters described in the chapter “Report on Risks and Opportunities” in the Annual Report of OSRAM Licht Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of OSRAM may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. OSRAM neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures they reference.