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Revenue on a comparable basis fell by 14.9% year-on-year to €850 million.
August 1, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
The third quarter of fiscal year 2019 showed no signs of business revival for Osram. The automobile markets in particular continued to exhibit weak development. As a result, revenue on a comparable basis fell by 14.9% year-on-year to €850 million. The adjusted EBITDA margin was impacted by reduced profitability in automotive business and reached 6.8%. The performance programs that Osram initiated in the Opto Semiconductor business segment have had a positive effect. “We are not seeing any s...
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