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.”
