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    OSR   DE000LED4000

OSRAM LICHT AG

(OSR)
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OSRAM Licht : CFO Kathrin Dahnke leaves Osram Management Board by mutual agreement

05/27/2021 | 08:17am EDT

www.osram.com

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Press

Munich, May 27, 2021

CFO Kathrin Dahnke leaves Osram Management Board by mutual agreement

  • Financial department taken over by CEO Ingo Bank
  • Supervisory Board thanks Kathrin Dahnke for important contribution

The supervisory board of OSRAM Licht AG and CFO Kathrin Dahnke agreed to terminate her contract on June 30 by mutual agreement. With the planned delisting of OSRAM Licht AG, which is expected to be implemented by the end of June, important tasks in the department of Osram's Chief Financial Officer will be omitted. Kathrin Dahnke's other responsibilities will be taken over by CEO Ingo Bank, who is also Chief Financial Officer at the parent company ams. Supervisory Board Chairman Dr. Thomas Stockmeier thanked her for her important contribution. "Kathrin Dahnke did an outstanding job during the transition period of the past year. Thanks to her the integration of Osram and ams can proceed so efficiently," Stockmeier explained. "Kathrin Dahnke kept both the interests of the shareholders and the overall good of the company in mind during the complex processes."

Since taking office in April 2020, Kathrin Dahnke contributed to the advanced realignment of the industrial group from a traditional lighting manufacturer to an innovative high-tech champion. She was in charge of the preparatory measures for the domination and profit and loss transfer agreement by ams, which was approved by the shareholders with a large majority at the beginning of November.

"It is also to the credit of Kathrin Dahnke and her teams that our company's finances were protected in the best possible way from the effects of the coronavirus crisis," said Osram CEO Ingo Bank. The corresponding measures consisted of hundreds of operational and financial measures across all business units and generated an earnings effect of more than 50 million euros and a free cash flow lift of 132 million euros in the past fiscal year.

OSRAM Licht AG

Marcel-Breuer-Straße 6, 80807 München, Deutschland

Corporate Communications & Brand Strategy

www.osram.com

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PRESS CONTACTS

Jens Hack

Phone +49 89 6213-2129

Email: j.hack@osram.com

Susanne Knebel

Phone +49 89 6213-3996

Email: s.knebel@osram.com

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 autono mous 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 had approximately 21,000 employees worldwide as of end of fiscal 2020 (September 30) and generated revenue of around three 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.

OSRAM Licht AG

Marcel-Breuer-Straße 6, 80807 München, Deutschland

Corporate Communications & Brand Strategy

Disclaimer

OSRAM Licht AG published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 12:16:11 UTC.


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Financials
Sales 2020 3 039 M 3 608 M 3 608 M
Net income 2020 -189 M -224 M -224 M
Net Debt 2020 523 M 621 M 621 M
P/E ratio 2020 -25,3x
Yield 2020 -
Capitalization 5 020 M 5 951 M 5 960 M
EV / Sales 2019 1,19x
EV / Sales 2020 1,75x
Nbr of Employees 21 400
Free-Float 12,7%
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Mean consensus -
Number of Analysts
Last Close Price 53,30 
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Managers and Directors
Ingo Bank Chief Executive Officer
Thomas Stockmeier Chairman-Supervisory Board
Francisus Hermanus Lakerveld Independent Member-Supervisory Board
Thomas Wetzel Independent Member-Supervisory Board
Frau Ulrike B. Salb Independent Member-Supervisory Board
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