2019-01-25

Osram Reports Revenue Down due to Weak Chinese Market and the Trade War

Osram announced that in the first quarter of fiscal year 2019, the company is facing an on-year revenue decline due to the weak Chinese market under the impact of the on-going US-China trade dispute. According to Osram, the declining market in the end of 2018 has led to poor performance of its three business units, Opto Semiconductor, Automotive and Digital. The revenue of Osram for its fiscal 1Q19 was EUR 828 million (US$ 938 million) with a 15 percent YoY decrease. And the Opto Semiconductors unit recorded a 16.9 percent decline in revenue on a comparable basis...
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