Osram seizes opportunities of digitalization
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