OSRAM will continue to focus on the high growth market in the future.

The board of directors of OSRAM group recently decided to sell its lamps and lanterns business. Olaf Berlien, chief executive of OSRAM group, said: "because of the many measures taken, OSRAM's professional lighting solutions business unit's financial income has stabilized. This also allows us to start the process of selling the business in an orderly way, so as to ensure that OSRAM always focuses on the application areas with high growth potential at the strategic level. " OSRAM will arrange discussions with potential purchasers. OSRAM's board of directors will also release the latest progress of the strategic plan at the capital market conference in November.

As part of the strategic restructuring plan, OSRAM will continue to focus on the growth of the high-tech sector. In the OSRAM financial reporting system, the professional lighting system solutions (LS) department's performance is counted in the lighting system solution (LSS) section. LS's largest plant is located in Traunreut, Germany. It mainly produces lighting products for industrial and commercial establishments, streets and sports venues.

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