OSRAM 2017 fiscal year in the first quarter earnings report, the interest rate of up to 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 last year's growth momentum for the rest of the fiscal year to lay a solid foundation. Compared with the previous year, growth accelerated further. Product demand is still strong, indicating that our strategy is playing a role, OSRAM's direction is correct.

OSRAM ushered in a good start in the 2017 fiscal year, accelerating growth in the first quarter. 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 projects, interest income tax depreciation and amortization of profits grew by about 5%, reaching 179 million euros (equivalent to about RMB 1 billion 319 million yuan), that is, before the interest rate adjustment and depreciation and amortization of interest rate of $18%. The first quarter of fiscal year 2017 operating income of a net profit of 92 million euros (equivalent to about RMB 678 million yuan). It includes the sale of Korean real estate income from the tens of millions of euros. A year ago, OSRAM sold Felco shares recorded a gain of about 270 million euros. Due to the adjustment of these two one-time items, net income increased in the first quarter of fiscal year 2017. Based on the results of the first three months of fiscal year 2017 and current market developments, OSRAM's fiscal year 2017.

OSRAM 2017 fiscal year in the first quarter of specific business performance

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

Benefit from the continued strong demand for the automotive industry, including automotive lighting, professional industrial applications, including the cause of special lighting in the first quarter revenue over the same period last year, an increase of more than 8%. Adjusted interest rate before tax depreciation and amortization of a slight increase of 16.3%. In addition, OSRAM has recently been awarded the title of "auto lighting brand" in China in 2016.

As for the lighting program and the cause of the system, mainly to provide lighting and lighting system products, its revenue over the same period last year, an increase of approximately 2%, adjusted interest rate depreciation and amortization of the profit margin was 0.5%. In the first quarter, OSRAM agreed to buy a 47.5% stake in Tvilight, Tvilight is a Holland company for smart city solutions to provide sensor technology and intelligent lighting management software.

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

2017 fiscal year outlook

2017 fiscal year, OSRAM management expects revenue growth of 2016 compared to the fiscal year of $5% to $7%, adjusted earnings before interest and tax depreciation and amortization is expected to not less than 16%. If the stock repurchase program in 2016 can continue as planned, diluted earnings per share is expected to be between 2.35 and EUR 2.65. Board of directors of OSRAM's medium-term prospects are confident, so plans to achieve no less than 1 euros per share dividend in the year 2017.

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

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