Flexible Electronics News

OSRAM Withdraws Fiscal Year Guidance

Company said it doesn't expect to achieve its corporate targets.

Author Image

By: Anthony Locicero

Copy editor, New York Post

Due to the COVID-19 pandemic, OSRAM said it doesn’t expect to achieve its corporate targets for the current 2020 financial year. “Given the unprecedented operational and financial challenges posed by the spread of COVID-19 and the uncertain developments in the coming weeks, the economic impact of the pandemic on OSRAM, however, can neither be adequately determined nor reliably quantified at this time,” the company said. “The COVID-19 pandemic and the global response meas...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters