Revenue 4 billion 100 million euro! OSRAM's 2018 performance report released

Yesterday (6), OSRAM announced its annual report on fiscal year 2018, compared with 4 billion 100 million euros in fiscal year 2018, an increase of nearly 2 percentage points over the previous year. Operating profit amounted to 605 million euros, operating profit margin of about 15%.

OSRAM CEO Olaf Berlien said: Despite the enormous challenges brought by the macroeconomic environment, the difficult environment of the automotive market and the slow down of some customer projects, OSRAM still maintained a small increase of nearly 2 percentage points in the 2018 fiscal year and made some profits. OSRAM will continue to strengthen its product mix and pay more attention to the high growth market under the newly defined business structure.

OSRAM maintained stable performance in the 2018 fiscal year, with a small increase in group revenue figures (comparable) last year. In the future, the group plans to shift its focus to the field of Optoelectronics and optical technology. In a comparable way, after the removal of portfolio and monetary factors, revenue in fiscal year 2018 increased nearly 2% from last year to 4 billion 100 million euros. The adjusted operating profit rate reached 14.7%. Affected by the economic downturn, especially in the automobile market, the profit margin before depreciation and amortization without special project adjustment (EBITDA) amounted to 605 million euros, and after tax profits amounted to 142 million euros. To assure shareholders of the group's continued growth, the board recommended a dividend of 1.11 euros per share in fiscal 2018. In addition, the company is planning another 400 million euro share buyback plan.

In the future, OSRAM will focus more on digitalization and future market, so the board of directors has adjusted the structure of the division to respond to the strategy. At present, OSRAM group has adopted photoelectric semiconductor, automotive technology and digital applications as the center division.

OSRAM group recently acquired VCSEL iris recognition professional technology company Vixar and the world's leading supplier of intelligent plant lighting solutions Fluence Bioengineering, with a view to continuously focusing on the future market with high growth potential.

Starting from the 2019 fiscal year, the board will adopt a new business structure:

AM: as a market leader, the automotive division provides innovative LED, laser and traditional technologies for the automotive industry and the automotive aftermarket. OSRAM subsidiary's advanced intelligent lighting (OSRAM continental group) focuses on the production of customized lighting systems, and all kinds of products are digitalized. In fiscal year 2018, the revenue of the business category reached 1 billion 900 million euros.

Digital business unit (DI): the digital division has a solid customer base, providing intelligent digital lighting management system and cloud Internet of things solutions, providing an opportunity for future business growth of customers. In addition, it also includes smart agriculture and many other businesses aiming at future markets. In fiscal year 2018, the digital division's revenue reached 917 million euros. Meanwhile, the sale of lighting business (Siteco) and its service business in the United States (Xi Wan lighting solution) is in progress.

Optoelectronics semiconductor division (OS): the division will remain the main force of OSRAM technology. Optoelectronics semiconductor division has long occupied the leading position in the photoelectric semiconductor industry with high R & D ratio, and its related technology is also a solid foundation for the automotive and digital division. In the 2018 fiscal year, the division's revenue reached 1 billion 700 million euros.

2019 fiscal year outlook

In the 2019 fiscal year, OSRAM will further focus on digital and future markets. However, due to a number of uncertainties, especially the existing or upcoming trade barriers in the automotive market, visibility is limited in the foreseeable future. The group's performance in the second half of fiscal 2019 may be even better. The management expects that the comparable revenue in the 2019 fiscal year will remain unchanged from the 2018 fiscal year, or moderate growth of about 3 percentage points. The interest rate depreciation and amortization profit rate (EBITDA) adjusted after the special project should be between 12%~14%, and the free cash flow inflow estimate will be around five million euros. The above prediction is based on the organizational structure of the 2018 fiscal year and the three major restructuring divisions. In addition, the forecast does not take into account the impact of the investment portfolio, such as the planned lighting business and the sale plan of the US service business (Xi Wan lighting solution), and does not take into account the possible impact of any adjustment of the above organizational structure.

OSRAM group (continuing operation) key financial data for the fourth quarter

(above) provisional and unaudited data. The number is "million euros".

The percentage of profit figures shows that the number of employees is up to September 30th. Negative values in brackets.

(1 special project adjustments include cost of transformation, major legal and regulatory matters, and related costs of mergers and acquisitions).

Market classification data in the fourth quarter

(above) provisional and unaudited data. The number is "million euros".

The percentage of profit figures shows that the number of employees is up to September 30th. Negative values in brackets.

OSRAM group (continuing operation) key financial data for fiscal year 2018

(above) provisional and unaudited data. The number is "million euros".

The percentage of profit figures shows that the number of employees is up to September 30th. Negative values in brackets.

Market classification data for fiscal year 2018

(above) provisional and unaudited data. The number is "million euros".

The percentage of profit figures shows that the number of employees is up to September 30th. Negative values in brackets.

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