Osram seizes the opportunities of digitalization
- Managing Board and Supervisory Board propose a dividend increase of 11 percent
- Osram continues to invest in R&D and capacity expansion
High-tech company Osram is increasingly focusing on digitalization trends. During the Annual General Meeting, CEO Olaf Berlien outlined to shareholders the promising path the long-established company will take over the coming years. “Digitalization is opening up huge opportunities, which we are seizing successfully. We have excellent technologies and a clear strategy to guide us,” Berlien said at the AGM. “With our clear mission, we will lead Osram successfully into the future. We are tapping the almost endless possibilities of light – and we are enhancing people's lives. That is what each and every one of us is striving for – with energy and passion.”
This new path has proven successful over the past year. With revenue growth of 8 percent to €4.1 billion, Osram achieved an excellent operating profit (adjusted EBITDA) of almost €700 million. The Managing Board and the Supervisory Board are therefore proposing a dividend of 111 euro cents per share to mark the company’s 111th brand anniversary. This represents a year-on-year rise of 11 percent.
At the same time, Osram is increasing its capital expenditure, in particular in the development and manufacture of high-tech products. “We are absolutely convinced of the long-term future success of the company,” Berlien said in front of more than 2,000 shareholders. CFO Ingo Bank pointed to the company’s solid basis, which allows Osram to continue its investment in the expansion of its capacity. “Our operational performance is fully intact, and demand for our LED products remains strong. That is why we are investing in the expansion of our factories,” Bank said. “The company is on solid financial footing and will continue to consistently implement its strategy.”
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