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

OSRAM LICHT AG

(OSR)
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OSRAM Licht : protects its know how and concludes settlement with Taiwanese contract manufacturer Lextar Electronics

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09/02/2020 | 11:54am EDT

Osram protects its know how and concludes a settlement with Lextar Electronics in case of significant irregularities in a LED contract manufacturing. Since 2011 Lextar Electronics has been manufacturing for and supplying to Osram LED products which are based on Osram technology. The products concerned are mainly LEDs for general lighting, which are used in LED tubes for office lighting, and backlighting.

Osram discovered that LEDs sold by Lextar in the market appear to be identical to the products Lextar was exclusively manufacturing for and supplying to Osram. The high-tech company took the necessary steps to protect its know how and among other measures concludes a settlement with it's Taiwanese contract manufacturer on past irregularities.


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 forward-looking statements and information - that is, statements about future, not past, events. These forward-looking statements can be identified by formulations such as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'aim', 'estimate', 'will', 'predict' or similar terms. Such statements are based on current expectations and certain assumptions of OSRAM management. They are therefore subject to a number of risks and uncertainties. A variety of factors, many of which are beyond OSRAM's control, affect OSRAM's business activities, success, business strategy and results. These factors can cause the actual results, successes and performance of OSRAM to be materially different from any future results, successes or performance expressed or implied by such forward-looking statements or from those anticipated as a result of past trends. These factors include, but are not limited to, matters discussed in the Risk and Opportunity Report of the Annual Report of the OSRAM Lighting 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 forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. OSRAM does not assume any obligation and does not intend to update these forward-looking statements beyond legal requirements or to correct them in the event of developments other than those expected. Due to rounding, individual figures in this and other reports may not add up precisely to the totals provided and percentages presented may not precisely reflect the absolute figures to which they relate.

Disclaimer

OSRAM Licht AG published this content on 02 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2020 15:54:02 UTC


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Financials
Sales 2020 3 052 M 3 606 M 3 606 M
Net income 2020 -170 M -201 M -201 M
Net Debt 2020 441 M 521 M 521 M
P/E ratio 2020 -28,8x
Yield 2020 -
Capitalization 4 797 M 5 674 M 5 668 M
EV / Sales 2020 1,72x
EV / Sales 2021 1,58x
Nbr of Employees 21 800
Free-Float 22,3%
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Mean consensus HOLD
Number of Analysts 10
Average target price 44,06 €
Last Close Price 51,02 €
Spread / Highest target 56,8%
Spread / Average Target -13,7%
Spread / Lowest Target -33,4%
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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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