OSRAM Raises Outlook for Financial Year 2017

Due to strong financial results and based on the expectation of ongoing positive prospects for the second half of financial year 2017, the management board of OSRAM Licht AG (OSRAM) decided to raise the forecast for financial year 2017 as follows: Comparable growth (continued operations) is now expected in the 7%-9% range (previously: 5%-7%) and adjusted EBITDA-margin (continued operations) is now expected in the 16.5%-17.5% range (previously: at least 16%). In addition, OSRAM expects earnings per share (diluted, continued operations) in a range of €2.70-€2.90 (previously: €2.35-€2.65) and confirms the guidance for free cash flow at break-even.
 
In the second quarter of financial year 2017, based on preliminary results, OSRAM achieved for its continued operations revenues of €1.05 billion (9.7% comp. growth), an adjusted EBITDA-margin of 17.4% and earnings per share (diluted) of €0.81.