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Revenues of €904 million is above mid-point and re-confirms mid-term target financial model on back of strong automotive design wins.
November 3, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
ams OSRAM announces revenues of €904 million above the midpoint of the guided range of €840 – 940 million, a 6% increase compared to Q2. The adjusted EBIT margin came in at 7.9% at the upper end of the guided range of 5-8% due to a positive impact from tight cost control measures and some positive one-time effects with respect to funding. The company is seeing a strong design-win traction in structurally growing markets, especially in automotive. “We delivered a very solid quarter in a diffic...
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