Job offersmore »

Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Osram seizes opportunities of digitalization

Osram is increasingly focusing on digitalization trends. During the Annual General Meeting, CEO Olaf Berlien outlined to shareholders the promising path the long-established company will take over the coming years. “Digitalization is opening up huge opportunities, which we are seizing successfully. We have excellent technologies and a clear strategy to guide us,” Berlien said at the AGM. “With our clear mission, we will lead Osram successfully into the future. We are tapping the almost endless possibilities of light – and we are enhancing people's lives. That is what each and every one of us is striving for – with energy and passion.”

With revenue growth of 8 percent to €4.1 billion, Osram achieved an operating profit (adjusted EBITDA) of almost €700 million. The Managing Board and the Supervisory Board are therefore proposing a dividend of 111 euro cents per share to mark the company’s 111th brand anniversary. This represents a year-on-year rise of 11 percent.

At the same time, Osram is increasing its capital expenditure, in particular in the development and manufacture of high-tech products. “We are absolutely convinced of the long-term future success of the company,” Berlien said in front of more than 2,000 shareholders. CFO Ingo Bank pointed to the company’s solid basis, which allows Osram to continue its investment in the expansion of its capacity. “Our operational performance is fully intact, and demand for our LED products remains strong. That is why we are investing in the expansion of our factories,” Bank said. “The company is on solid financial footing and will continue to consistently implement its strategy.”

For more information:

Publication date: 2/21/2018



Other news in this sector:

3/16/2018 Schmieding Produce acquires North Carolina watermelon distributor
3/16/2018 US: Bayer-Monsanto deal faces antitrust hurdles
3/16/2018 Philips Lighting to change company name to Signify
3/16/2018 Ridder Group and Al Busath sign strategic partnership
3/16/2018 US (MI): Gladstone Land acquires blueberry farm for $2.1 million
3/16/2018 Chinese delegation visits World Horti Center
3/15/2018 Lipman Family Farms acquires Huron Produce
3/15/2018 US (NC): Syngenta partners with Rise Against Hunger
3/15/2018 Bayer reports progress in talks with Russia over Monsanto deal
3/15/2018 Mexico: Bee Vectoring appoints former Syngenta technical manager
3/15/2018 US: Inocucor hires global finance executive as Chief Financial Officer
3/14/2018 China conditionally approves Bayer-Monsanto deal
3/14/2018 DowDuPont agriculture division to become Corteva Agriscience
3/14/2018 CAN (QC): Hydropothecary expands management team
3/14/2018 Vestaron CEO John C. Sorenson, Ph.D. dies
3/14/2018 "We see it as a big challenge to meet all inquiries and requests"
3/13/2018 DowDuPont Executive Chairman to retire
3/13/2018 Supplies increasing for greenhouse heirloom tomatoes
3/13/2018 Smithers-Oasis promotes Riffey to general manager, grower operations
3/12/2018 US: Earth Alive appoints new sales director