Q1 Looking Good – Osram Likes Fiscal Beginning of 2016 and Raises Profit Outlook
Based on a nominal revenue increase of 6.0% and cost discipline, Osram achieved a successful start into fiscal year 2016. Judging from today’s review of preliminary first quarter figures, the managing board expects a comparable growth of 0.4% to 1.477 billion Euro for the first quarter as well as a year-on-year improvement in the adjusted EBITA margin by 100 bps to 11.8%.
All reporting segments contributed to this development. In particular, the segments Specialty Lighting (SP) and Opto Semiconductors (OS) benefited from a favourable product mix, ongoing strong dynamics in the North American automotive market as well as the Chinese automotive sector being supported by government incentives. Moreover, Lamps (LP) saw encouraging revenue development, which positively impacted factory load and, consequentially, segment profit. In addition, OS recorded unexpected high license income during the course of the first quarter. Due to these promising first quarter results, the managing board now expects an adjusted EBITA margin for the full fiscal year of more than 8%. All above mentioned first quarter figures are preliminary figures. Full first quarter results for fiscal year 2016 will be disclosed on February 3, as planned.