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

OSRAM LICHT AG

(OSR)
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Osram Licht : Annual Earnings, Revenue Dropped on Pandemic Hit

11/06/2020 | 09:16am EST

By Kim Richters

Osram Licht AG said Friday that its adjusted earnings and revenue fell in fiscal 2020 as it was hit by the coronavirus pandemic.

The German lighting-technology company posted a net loss of 189 million euros ($223.6 million) in the period ended Sept. 30 compared with a net loss of EUR405 million in the fiscal year prior, when it booked major impairment losses.

Adjusted earnings before interest, taxes, depreciation and amortization fell to EUR253 million from EUR307 million. Its adjusted Ebitda margin fell to 8.3% from 8.9%, although Osram said cost savings helped support its margins.

Revenue declined to EUR3.04 billion from EUR3.46 billion. All figures are for the company's ongoing business.

Osram confirmed its guidance for the fiscal 2021 year, which includes comparable revenue growth of between 6% and 10% as well as an adjusted Ebitda margin of 9% to 11%. The guidance assumes that the effects of the coronavirus pandemic will be overcome in the current financial year.

At a press conference for Osram's results, the company's Chief Executive Olaf Berlien said he didn't expect a squeeze-out by majority shareholder Ams AG within the next two years. With a guaranteed dividend of 5%, there was no reason for hedge funds to exit quickly in the current situation, he said.

-Olaf Ridder contributed to this article.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

11-06-20 0650ET

Stocks mentioned in the article
ChangeLast1st jan.
AMS AG 1.24% 22.08 Delayed Quote.12.76%
OSRAM LICHT AG 0.00% 52.2 Delayed Quote.0.31%
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Financials
Sales 2021 3 439 M 4 148 M 4 148 M
Net income 2021 -28,9 M -34,8 M -34,8 M
Net Debt 2021 474 M 571 M 571 M
P/E ratio 2021 -174x
Yield 2021 -
Capitalization 4 916 M 5 944 M 5 930 M
EV / Sales 2021 1,57x
EV / Sales 2022 1,49x
Nbr of Employees 21 400
Free-Float 22,3%
Chart OSRAM LICHT AG
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Technical analysis trends OSRAM LICHT AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 49,91 €
Last Close Price 52,20 €
Spread / Highest target 53,3%
Spread / Average Target -4,39%
Spread / Lowest Target -21,5%
EPS Revisions
Managers and Directors
NameTitle
Olaf Berlien Chief Executive Officer
Thomas Stockmeier Chairman-Supervisory Board
Kathrin Dahnke Chief Financial Officer
Christine Maria Bortenlänger Independent Member-Supervisory Board
Francisus Hermanus Lakerveld Independent Member-Supervisory Board
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1st jan.Capitalization (M$)
OSRAM LICHT AG0.31%5 944
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