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    • Denggle > Lighting News >

    Osram Strong Revenue Growth in Latest Financial Report

    Osram Strong Revenue Growth in Latest Financial Report

    Source： 08 Nov 2016
    Osram Revenue

    Comparable revenue rises 11%; adjusted EBITA margin of 10.1% - Revenue boosted by pull-forward effects related to the lamps carve-out - Osram confirms its outlook for fiscal 2016

     

    "The momentum of the excellent first half of the year also continued in the third quarter. Despite an expected weaker fourth quarter, we are approaching another record year with full steam. Our strategy is paying off: Osram is now a real success story. And following the agreed sale of the lamps business, we are accelerating our alignment as a high-tech company," said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG.

     

    In the third quarter of fiscal 2016, Osram continued to see healthy demand in its three strategic core businesses and additionally benefited from pull-forward effects related to the carve-out of the lamps business. On a comparable basis, i.e. adjusted for portfolio and currency effects, revenue in the three months ending June 30 rose eleven percent from a year earlier and reached EUR 1.44 billion (US $1.58 billion). About half of this growth was attributable to brought-forward deliveries that were carried out in the third quarter in view of the separation of the IT systems of Osram and the lamps business. On a nominal basis, Osram generated revenue growth of almost seven percent. EBITA1 excluding special items increased 13% to EUR 145 million, translating into a margin of 10.1%. Especially the LED components business (Opto Semiconductors) continued to show a pleasant earnings development. Net income came to EUR 28 million and was influenced by extraordinary expenses relating to the carve-out of the lamps business, among other things. Osram confirms its outlook for fiscal 2016.

     

    Osram Strong Revenue Growth in Latest Financial Report

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