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OSRAM Licht AG Revenue, Profit Outlook for 2016 Raised

Increase is due to ongoing positive business development in the second quarter.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Due to an ongoing positive business development in the second quarter, the managing board of OSRAM Licht AG raised 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 compared to the prior year’s quarter and adjusted EBITA margin saw another year-on-year improvement to 12.2%.
 
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.

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