DGAP-Adhoc: OSRAM Licht AG: OSRAM raises guidance for fiscal year 2020 due to stronger business dynamics
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DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Change in Forecast Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 Munich, 16 September 2020 The Managing Board of OSRAM Licht AG (OSRAM) raised the guidance for the fiscal year 2020 today due to stronger business recovery in summer, in particular in August. OSRAM now expects a comparable revenue decline of approximately -14 percent (previously -15 to -19 percent), an adjusted EBITDA margin of approximately 8 percent (previously: 3 to 6 percent) and a balanced free cash flow (previously: negative Free Cash Flow in the middle double digit to lower triple digit million range). Especially the business units Opto Semiconductors (OS) and Automotive (AM) were supported by improved business conditions in its core markets in China and the U.S. Furthermore, the consistent implementation of measures taken to moderate the impact of the COVID-19 pandemic contributes significantly to stabilize profit and Free Cash Flow. Contact: Juliana Baron Head of Investor Relations OSRAM Licht AG Investor Relations Marcel-Breuer-Straße 6 80807 München, Deutschland Tel. +49 89 6213-3030 mailto:[email protected] www.osram.com
16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | OSRAM Licht AG |
| Marcel-Breuer-Straße 6 | |
| 80807 München | |
| Germany | |
| Phone: | +49 89 6213-0 |
| Fax: | +49 89 6213-3629 |
| E-mail: | [email protected] |
| Internet: | www.osram-group.com |
| ISIN: | DE000LED4000 |
| WKN: | LED400 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1132271 |
| End of Announcement | DGAP News Service |
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1132271 16-Sep-2020 CET/CEST
