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MarketScreener Homepage  >  Equities  >  Xetra  >  OSRAM Licht AG    OSR   DE000LED4000

OSRAM LICHT AG

(OSR)
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Ad hoc: OSRAM Licht AG: OSRAM raises guidance for fiscal year 2020 due to stronger business dynamics

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09/16/2020 | 07:00am EDT

The Managing Board of OSRAM Licht AG (OSRAM) 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.

ABOUT OSRAM OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor -based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM's innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM has approximately 23,500 employees worldwide as of end of fiscal 2019 (September 30) and generated revenue of about 3.5 billion euros from continuing activities. 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 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 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.

Disclaimer

OSRAM Licht AG published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 09:59:09 UTC


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Financials
Sales 2020 3 052 M 3 554 M 3 554 M
Net income 2020 -170 M -198 M -198 M
Net Debt 2020 441 M 513 M 513 M
P/E ratio 2020 -28,5x
Yield 2020 -
Capitalization 4 740 M 5 524 M 5 520 M
EV / Sales 2020 1,70x
EV / Sales 2021 1,56x
Nbr of Employees 21 800
Free-Float 22,3%
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Mean consensus HOLD
Number of Analysts 10
Average target price 44,44 €
Last Close Price 50,50 €
Spread / Highest target 58,4%
Spread / Average Target -12,0%
Spread / Lowest Target -32,7%
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Managers
NameTitle
Olaf Berlien Chief Executive Officer
Peter Bauer Chairman-Supervisory Board
Kathrin Dahnke Chief Financial Officer
Stefan Horst Michael Kampmann Chief Technology Officer
Christine Bortenlänger Independent Member-Supervisory Board
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