Revenue 8 billion 354 million yuan! OSRAM 2017 fiscal third quarter results released

Yesterday (26) evening, German manufacturers lighting OSRAM released fiscal 2017 third quarter earnings report (Unaudited), the company Q3 revenues of 1 billion 56 million euros (about 8 billion 354 million yuan), than the same period last year (Q316) 6.2% nominal growth; net income of 64 million euros (equivalent to about 506 million yuan), compared with Q316 78 million euros (about 617 million yuan) fell 17.9%; adjusted EBITDA (EBITDA, adjusted) 174 million euros (about 1 billion 376 million yuan); year-on-year growth of 2.9%; adjusted EBITDA profit rate reached 16.4%, 17% over the same period last year; free cash flow for 39 million euros (equivalent to approximately RMB 308 million yuan), for the same period last year -2000 million euros (equivalent to approximately RMB -1.58 billion yuan).

From the specific business point of view, the third quarter of fiscal year 2017, the photoelectric semiconductor (OS) business revenues of 439 million euros (about 3 billion 472 million yuan), representing a nominal increase of 19.1%; special lighting (SP) business contributed revenue of 563 million euros (about 4 billion 452 million yuan), than the same period last year nominal growth of 0.2%; lighting solutions and systems (LSS) revenues of 253 million euros (about 2 billion yuan), down 3.4% year-on-year; part CIE (including regulation project) expenses for 198 million euros (about 1 billion 566 million yuan). In addition, OS, SP and LSS three major businesses were adjusted to tax, interest, depreciation and amortization before profits of 126 million euros, 66 million euros and -1900 million euros.

OSRAM's chief executive, Olaf Berlien, said: "OSRAM continued to maintain good business growth in the third quarter, achieving good growth and sound profitability. Innovative high-tech products, especially innovative optoelectronic semiconductor products, is still the biggest growth momentum. The outlook for fiscal 2017 is clear given continued strong performance. With the investment in LEDdarTech, we have further strengthened our position in the automotive laser radar and autonomous driving market."

According to data, OSRAM currently holds LeddarTech Inc.25.1% share, the company developed patented LiDAR technology, integrated into the self drive and driver assistance system semiconductor and sensor modules. LeddarTech focuses on the development of solid state LiDAR (light detection and ranging) systems using infrared light to monitor the surrounding area, and its advanced optical sensing technology is highly complementary to OSRAM semiconductor products. OSRAM has invested about 50 million euros to LeddarTech.

"OSRAM is already the world's leading supplier of automotive induction light and the demand for this field continues to grow. "We believe that investing in LeddarTech is a logical step towards becoming a leading solution provider in the field," said OSRAM's chief technology officer, Stefan Kampmann.

The board expects 2017 fiscal year comparable income growth of 7% to 9%, special projects adjusted interest tax, depreciation, amortization before profit margin of 16.5% to 17.5%. Diluted earnings per share are expected to range from EUR 2.70 to EUR 2.90. The company aims to break even the free cash flow. (text: LEDinside, Nicole)

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