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Second quarter revenues of €1.18 billion and adjusted EBIT margin of 8.8% fully match with expectation range.
August 1, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
ams OSRAM reports second quarter and first half group financial results. Second quarter group revenues were €1,183 million, down 5% sequentially compared to the first quarter 2022 and down 5% compared to same quarter 2021, influenced by deconsolidation effects. Adjusted group gross margin for the second quarter 2022 was 32%, down from 33% for the first quarter as well as for the same quarter 2021. First half group revenues were €2,429 million, compared to €2,521 for the same period 2021. A...
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