Announcements

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:
Osram
www.osram-group.com

Publication date: 2/21/2018

 


 

Other news in this sector:

6/22/2018 Oppy names MacDonald and Gardner to new director roles
6/22/2018 Competition Commission of India okays Bayer-Monsanto merger
6/22/2018 US: FFA and ASTA sign memorandum of understanding
6/22/2018 Codema appoints managers to Wevab unit
6/21/2018 Grow-Tech, Quick Plug and Omni Growing Solutions unite as Quick Plug Global
6/21/2018 "By using foil, gutters last longer"
6/21/2018 NL: De Ruiter Experience Center now also showing bell peppers
6/21/2018 Gotham Greens raises $29 million in growth equity funding
6/21/2018 "This was quite a big challenge"
6/20/2018 Canadian cannabis industry in high spirits
6/20/2018 US (TX): Shan appointed director of IPGB at Texas A&M University
6/19/2018 Netherlands: Fall Creek purchases Driesvenplant nursery
6/19/2018 How does the future look for bell peppers?
6/18/2018 Autogrow welcomes technology focused CFO
6/18/2018 Australia: Hort Innovation announces new CEO
6/18/2018 Extra assistance allows people with disabilities to work in greenhouse sector
6/15/2018 Vietnam: Agricultural Counsellor Arie Veldhuizen awarded honorable Medal
6/15/2018 CAN (BC): Sunlight Supply’s new owners making moves in Vancouver
6/15/2018 Village Farms International elects directors
6/13/2018 “The greenhouse is a tool in realizing the best ROI”