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OSRAM raises guidance for fiscal year 2020 due to stronger business dynamics

Date Announced: 17 Sep 2020

Munich, Germany -- The Managing Board of OSRAM Licht AG (OSRAM) yesterday, September 16th, raised the guidance for the fiscal year 2020 today due to stronger business recovery in summer, in particular in August.

OSRAM now expects a comparable revenue decline of approximately -14 percent (previously -15 to -19 percent), an adjusted EBITDA margin of approximately 8 percent (previously: 3 to 6 percent) and a balanced free cash flow (previously: negative Free Cash Flow in the middle double digit to lower triple digit million range).

Especially the business units Opto Semiconductors (OS) and Automotive (AM) were supported by improved business conditions in its core markets in China and the U.S.

Furthermore, the consistent implementation of measures taken to moderate the impact of the COVID-19 pandemic contributes significantly to stabilize profit and Free Cash Flow.


16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Contact


Juliana Baron
Head of Investor Relations

OSRAM Licht AG
Investor Relations
Marcel-Breuer-Straße 6
80807 Munich, Germany 
Tel. +49 89 6213-3030

E-mail: j.baron@osram.com

Web Site: www.osram.com

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