Ad hoc: OSRAM Licht AG: Osram adjusts revenue outlook for fiscal year 2014; profit outlook confirmed
OSRAM Licht AG is adjusting its revenue expectation against the background of an accelerated decline in the traditional general illumination business in the current fiscal year. The Managing Board now expects revenues on the last year’s level, at best a modest revenue increase, on a comparable basis for the current fiscal year. Regarding EBITA (earnings before interest, taxes, and amortization) adjusted for special items, Osram still expects a margin (as a proportion of revenue) of more than 8.0 percent. In addition, the Managing Board still expects net income to rise sharply this fiscal year.
OSRAM of Munich, Germany is one of the two leading light manufacturers in the world. The company's portfolio covers the entire value chain from components – including lamps, electronic control gear and opto semiconductors such as light-emitting diodes (LED) – as well as luminaires, light management systems and lighting solutions. OSRAM has more than 35,000 employees worldwide and generated revenue of almost €5.3 billion in fiscal 2013 (ended September 30). The company's business activities have been focusing on light – and hence on quality of life – for over 100 years. The company was listed on the stock exchanges in Frankfurt and Munich on July 8, 2013 (ISIN: DE000LED4000; WKN: LED 400; Trading symbol: OSR). Additional information can be found at www.osram-group.com
This document contains statements related to our future business and financial performance and future events or developments involving OSRAM that may constitute forward-looking statements. Such statements are based on the current expectations and certain assumptions of OSRAM’s management, and 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 materially 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 historical trends.