OSRAM Licht Raises 2016 Revenue Outlook on Back of Positive Developments in 2Q

Due to an ongoing positive business development in the second quarter the managing board of OSRAM Licht AG raises the revenue and profit outlook for fiscal year 2016.

Based on preliminary figures, comparable revenue for the second quarter grew 3.0% to 1.426 billion Euros compared to the prior year’s quarter and adjusted EBITA margin saw another year-on-year improvement to 12.2%.

Following the successful first half year and based on today’s discussions, the managing board expects comparable revenue to be above the prior year level and an adjusted EBITA margin of above 10% for the full fiscal year 2016.

Besides the continuation of positive first quarter trends, improved second quarter sales developments, especially for the segment Lamps (LP) and Lighting Solutions & Systems (LSS), have been recorded. The segments Specialty Lighting (SP) and Opto Semiconductors (OS) once again benefited from a favorable product mix, ongoing strong dynamics in the North American automotive market as well as the Chinese automotive sector being supported by government incentives. OS earnings also benefited from positive currency effects.

All abovementioned second quarter figures are preliminary figures and therefore approximations. Full second quarter results for fiscal year 2016 will be disclosed on April 27, as planned.

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