Revenue of 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 business respectively adjusted EBITDA of 126 million euros, 66 million euros and -1900 million euros.

OSRAM CEO Olaf Berlien said: "OSRAM continues to maintain good business development in the third quarter, to achieve a good and healthy profit growth. Innovative high-tech products, especially the innovation of optoelectronic semiconductor products, is still the biggest growth momentum. In view of the continued strong performance, prospects for fiscal year 2017. With the investment in LEDdarTech, we further strengthened in the car laser radar and autonomous driving market position."

According to statistics, OSRAM LeddarTech currently holds a share of Inc.25.1%, the company developed a patented LiDAR technology, integrated into the semiconductor sensor module and self driving and driver assistance system. LeddarTech focused on the development of solid LiDAR area around the infrared monitoring (light detection and ranging) system, the advanced optical sensing technology and OSRAM semiconductor products are highly complementary. OSRAM currently has LeddarTech invested 50 million euros.

"OSRAM is already the world's leading supplier of vehicle automatic induction lamp, and the areas of growing demand. OSRAM chief technology officer Stefan Kampmann said: "we believe that the investment is becoming the leading LeddarTech solutions provider for reasonable steps.

The board of directors is expected in fiscal year 2017 than revenue growth of 7% to 9%, the special project adjusted EBITDA ratio is 16.5% to 17.5%. Diluted earnings per share is expected in 2.70 to 2.90 euros. The company aims to achieve the balance of free cash flow. (text: LEDinside Nicole)

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