Osram grows earnings, looks ahead to carving out lamps
Management at Osram Licht AG, the parent company of Osram Sylvania, Danvers, Mass., reported its earnings (EBITDA) excluding special items grew 24% to €64 million from the year earlier, a 9.5% margin on revenue of almost €1.4 billion, which was 12% above year-earlier levels, in part due to the weakness of the Euro against key currencies and the acquisition of Clay Paky, the company said in a management presentation posted on the Osram website.
The company’s Opto Semiconductor and Specialty Lighting segments both posted 4% increases in revenues, while its other segments took divergent paths. The LED Lamps Systems segment recorded revenue growth of 36% from a year earlier while its Classic Lamps & Ballasts (CLB) segment declined 13% and Luminaires & Solutions revenue fell 14%.
Looking back on a strong quarter overall, Olaf Berlien, CEO of Osram said the management board’s current priority “is the realignment of the company, which we are pursuing at full speed. The carve-out of our lamps business is in this respect just the beginning of the path toward a new Osram, which will focus on connected and smart lighting.”
About the Author
Doug Chandler, Senior Staff Writer
Executive Editor
Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.
