OSRAM Raises Outlook After Impressive 2nd Quarter
OSRAM Licht AG recorded a continued positive operative earnings development in the second quarter of fiscal 2015. The adjusted EBITA of €151 million for the second quarter of fiscal 2015 was positively impacted by favourable currency relations. This results in an adjusted EBITA margin of 10.8 percent. Based on today’s consultations, the Management Board therefore expects an adjusted EBITA margin of above 9.0 percent for fiscal 2015.
In nominal terms, preliminary revenue in the second quarter of fiscal 2015 increased by 9.5 percent compared to the prior year period to €1.399 billion. On a comparable basis (adjusted for portfolio- and currency exchange effects), revenue was down slightly by 1.5 percent compared to the prior year period. On a reported basis, the EBITA was €125 million.