OSRAM 2017 fiscal year first quarter earnings, the interest rate of 18%

OSRAM 2017 fiscal year first quarter earnings focus:

- first quarter revenue over the same period last year than the increase of nearly 8%;

- adjusted EBITDA rate was 18%;

The prospect of - OSRAM fiscal year 2017 has been confirmed.

OSRAM CEO Olaf Berlien said that in the first quarter of fiscal year 2017, OSRAM continued the growth of the previous year, laying a solid foundation for the remainder of the fiscal year. Growth accelerated further as compared with the previous year. Product demand remains strong, suggesting that our strategy is working and that OSRAM is moving in the right direction.

OSRAM in the 2017 fiscal year ushered in a good start, the first quarter growth accelerated. Affected by the adjustment of the investment portfolio and the currency, the first quarter of fiscal year 2017 (three months ended December 31st) revenue over the same period last year than the increase of nearly 8% over the same period last year, also nominal growth of about 5%, to 991 million euros (about 7 billion 303 million yuan). After the adjustment of special items, the profits before interest, tax, depreciation and amortization increased by about 5%, reaching 179 million euros (equivalent to RMB 1 billion 319 million yuan), that is, the interest rate was 18% before the adjusted interest tax was depreciated and amortized. In the first quarter of fiscal year 2017, the continuous operating income was 92 million euros (equivalent to about RMB 678 million yuan). It includes tens of millions of euros in proceeds from the sale of Korean real estate. A year ago, OSRAM sold Felco shares and recorded earnings of about 270 million euros. As a result of the adjustment of the two one-time items, net income for the first quarter of fiscal year 2017 increased. Based on the results of the first three months of the fiscal year and the current market developments, OSRAM's outlook for the 2017 fiscal year was confirmed by 2017.

OSRAM 2017 accounting for the first quarter of the specific business performance

LED component business (photoelectric semiconductor or OS) to achieve growth, revenue growth of 15% over the same period last year, of which the growth of automotive and infrared business is particularly strong. 26.2% of the interest rate tax, depreciation and amortization before profitability again at a good level. Malaysia is located in the kulin new LED chip plant will continue according to plan construction.

Benefiting from the continuing strong demand in the automotive industry, the first quarter revenue grew by more than 8% over the same period of last year, including automotive lighting and professional industrial applications. Adjusted interest tax, depreciation and amortization before profit margins grew slightly, to 16.3%. In addition, OSRAM has recently been awarded the title of "2016 automotive lighting brand" in china.

As for lighting programs and systems, mainly to provide lamps and lighting systems products, its revenue growth of about 2% over the same period last year, adjusted interest rates, depreciation, depreciation, amortization before profit margin of 0.5%. In the first quarter, OSRAM agreed to buy a 47.5% stake in Tvilight, a Holland based company that provides sensor technology and smart light management software for smart city solutions, Tvilight.

In addition, in view of the agreed sale, the general lighting business (Ledvance) has been listed as a non continuity business. In the first quarter, the non operating income was 6 million euros (equivalent to about 44 million 218 thousand and 200 yuan). OSRAM continues to believe that the Ledvance sale will be completed in fiscal 2017.

2017 outlook for the fiscal year

2017 fiscal year, OSRAM management expects revenue growth of 2016 over the fiscal year 5% to 7%, adjusted interest, tax, depreciation, amortization, profit margin is expected to be no less than 16%. If the stock repurchase program of 2016 can continue as planned, diluted earnings per share are expected to range from 2.35 euros to 2.65 euros. The board is confident of OSRAM's medium-term outlook, so it plans to make a dividend of not less than 1 euros per share in 2017.

Note: all figures in the declaration include only continuous business operations and therefore do not include the general lighting business which OSRAM agreed to sell in July 2016. (compile: LEDinsideNicole)

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