2020-07-30

Osram Reports Expectable FY3Q20 Financial Results and Includes Supervisory Board Members from AMS

Osram announced the financial results of its fiscal 3Q20. The German company said that the performance was better than expected compared to the main sales markets. For Osram’s FY 3Q20, its revenue on a comparable basis fell by 29.4% YoY to EUR 606 million (US$ 711.95 million) due to the impact of the Coronavirus crisis. EBITDA before special items was well above expectations with negative EUR 27 million (US$ 31.75 million). Osram’s Automotive business unit was impacted the most with on-year sales dropped by 35.7% to EUR 282 million (US$ ...
Continue reading
Daktronics, a recognized industry leader in digital display and control system technology, has partnered with Massillon Washington High School in Ohio to install a new LED video display and become the first high school in the nation to impleme... READ MORE
Mercedes-Benz recently unveiled its mid-cycle refresh for the C-Class sedan, marking what the automaker calls the most significant technical upgrade in the model’s 44-year history, with advanced lighting technology taking center stage. ... READ MORE