Osram reports first quarter financial results, eye-catching start in fiscal 2020

提交于周五, 02/07/2020 Submitted by winniewei on Friday, 02/07/2020
Osram reports first quarter financial results, eye-catching start in fiscal 2020
  • Group's overall revenue growth
  • 20% Optoelectronics business profit margin grows by more than 20%
  • 计划 取得成效 Osram's performance improvement program pays off
  • 预测 The company maintains its forecast for the financial year

7 —— 在经历了具有挑战性的2019财年之后,欧司朗在2020财年实现了强劲开局。 February 7 , 2020 - After a challenging fiscal year 2019, OSRAM achieved a strong start in fiscal 2020. 2 020 财年 第一季度 2019 年10月 2019年 12月 整体 收增长0.5%,达8.73亿欧元。 On a comparable basis, overall revenue for the first quarter of fiscal year 2020 ( October 2019 to December 2019 ) increased by 0.5% to 873 million euros. (息税折旧及摊销前利润率)为13%, 在可比基础上增加了近两个百分点。 The adjusted EBITDA margin ( margin before interest, tax, depreciation and amortization) was 13%, an increase of nearly two percentage points on a comparable basis. 表现尤为抢眼, 利润率出现显著回升 调整 后的 EBITDA (息税折旧及摊销前利润) 在一年内上涨了 22%,达到1.14亿欧元。 The performance of the semiconductor business was particularly eye-catching, with a significant rise in profit margins . Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) rose by approximately 22% to 114 million euros in one year .

增长 主要 得益于 欧司朗 上一个财年启动的 业绩 提升 计划 有效提高 产能 This first-quarter growth is mainly due to the performance improvement plan launched by OSRAM in the previous fiscal year , which effectively increased production capacity . 同时, 国际租赁新准则( IFRS16 的调整也为财报表现带来 积极影响。 At the same time , adjustments to the new International Leasing Standard ( IFRS16 ) have also had a positive impact on financial performance . :“欧司朗 上一年度 就开始实施的 业绩提升 计划 新财年 第一季度产生 了持续的积极 影响。 Osram CEO Dr Olaf Berlien said : "Osram 's performance improvement plan , which was implemented in the previous year, has had a positive impact in the first quarter of the new fiscal year . "

欧司朗 各个 重要销售市场 的发 符合 预期。 During the first quarter of fiscal 2020, the development of Osram's key sales markets met expectations. 光电半导体业务领域营收保持稳定,为3.59亿欧元。 Revenue from the optoelectronics semiconductor business remained stable at 359 million euros. 与早前预期数据相符 The operating profit margin for the first quarter of this business area was also in line with earlier expectations . 上年同期19.5% 大幅增长。 The adjusted EBITDA profit margin was 24.5%, a significant increase from 19.5% in the same period last year .

In the field of digital business, from the perspective of the whole year, revenue increased by 2% to 217 million euros, and the adjusted EBITDA profit margin reached the breakeven point.

在经济形势与整体市场不景气 情况下,实现营收增长0.7%,达4.8亿欧元。 In the automotive business, revenues increased by 0.7% to 480 million euros amidst the economic situation and the overall market downturn . 上一年度同期 数据 持平。 The adjusted EBITDA was 47 million euros, which was unchanged from the same period last year .

In view of the uncertain economic outlook and market conditions in related industries, OSRAM maintains its forecast for the current fiscal year . 预计约在 9% 11%,自由现金流预计为正,可能在两位数。 Compared with the previous year, revenue is expected to be between plus and minus 3%, adjusted EBITDA profit margin is expected to be about 9% to 11%, and free cash flow is expected to be positive, possibly in double digits.

Key financial data for the first quarter of the Osram Group (continuing operations)

the first season

2020

the first season

2019

change

(name)

Total revenue

873

828

5.5%

1 Comparable revenue growth rate 1

0.5%

EBITDA 2 Adjusted EBITDA 2

114

93

22.2%

利润率 Profit margin

13.0%

11.3%

180bps

Net profit after tax

1

5) ( 5)

Not applicable

Free cash flow

7

(101)

Not applicable

'000 Employees ( '000 )

twenty three

26

(12.1%)

12 31 日;括号内为负值。) (The above is provisional, unaudited data. The unit of figures is “million euros”, profit margins are shown as percentages, and the number of employees is as of December 31 ; negative values are in parentheses.)

1 去除投资组合和货币因素的影响 ( 1 remove the influence of portfolio and currency factors )

2 特别项目调整后,比如转型成本、重大法律和法规事宜以及企业并购的相关费用。) ( 2 After adjustments to special projects, such as transformation costs, major legal and regulatory issues, and related costs for corporate mergers and acquisitions.)

Market Segment Data for the First Quarter

自由现金流 Free cash flow

the first season

2020

the first season

2019

change

(name)

Optoelectronic semiconductor

总营收 ... total revenue

359

352

1.8%

可比营收增长率 ... comparable revenue growth   1

(0.7%)

调整后 After adjustment   2 EBITDA 2

88

69

28.2%

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36

24) ( 24)

Not applicable

Automotive Division

总营收 ... total revenue

480

445

7.9%

可比营收增长率 ... comparable revenue growth   1

0.7%

调整后 After adjustment   2 EBITDA 2

47

48

(2.9%)

自由现金流 Free cash flow

17) ( 17)

7) ( 7)

Not applicable

Digital Division

总营收 ... total revenue

217

207

4.5%

可比营收增长率 ... comparable revenue growth   1

2.2%

调整后 After adjustment   2 EBITDA 2

1) ( 1)

10) ( 10)

(93.8)

自由现金流 Free cash flow

(7)

(48)

Not applicable

(The above is provisional, unaudited data. Figures are in millions of Euros. Negative values are in parentheses.)

1 去除投资组合和货币因素的影响 ( 1 remove the influence of portfolio and currency factors )

2 特别项目调整后,比如转型成本、重大法律和法规事宜以及企业并购的相关费用。 ( 2 After special project adjustments, such as transformation costs, major legal and regulatory issues, and related costs for corporate mergers and acquisitions. )

About Osram

Headquartered in Munich, Germany, OSRAM is a leading global high-tech company with more than 110 years of brand history. Our products are mainly based on semiconductor technology and are widely used in various fields. From virtual reality, autonomous driving, smartphones, to smart lighting solutions in buildings and cities. Osram is always committed to exploring the infinite possibilities of light to improve the quality of human life. Osram's innovative technology not only meets people's lighting needs around the world, we are also committed to improving people's communication, travel, work and life. As of the end of fiscal year 2019 (September 30), Osram had a total of approximately 23,500 employees worldwide, and its revenue from continuing operations in fiscal year exceeded 3.5 billion euros. Osram is listed on the Frankfurt and Munich stock exchanges (ISIN: DE000LED4000; WKN: LED 400; trading code: OSR). For more information, please visit   www.osram.com .

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