Osram recorded a strong operating performance in the first quarter of the current fiscal year that started in October 2014. With growth of 0.5 percent, revenue was slightly above the year-earlier period on a comparable basis, i.e. excluding portfolio and currency effects. In nominal terms, the company even recorded a revenue increase of five percent to almost €1.4 billion, resulting from the weakness of the euro against key currencies and the acquisition of Clay Paky. EBITA1 excluding special items rose 23 percent to EUR 151 million (US $171.45 million) in the first quarter, translating into a margin of 10.8 percent.