ams-OSRAM Reports Strong Q1 with €847M Revenue, 5.2% EBIT Margin, MicroLED Restructuring

• Q1 revenues of EUR 847 million - Adjusted EBIT margin of 5.2% - Restructuring of microLED development - Exiting 8-inch fab SLB - On track for positive FCF in 2025 - One-time cost of around EUR 700 million for microLED restructuring
• Revenues expected to be EUR 770 to 870 million in Q2 - Available liquidity of EUR 2.1 billion - Reduction of debt by around EUR 400 million targeted - Restructuring of CMOS Imaging Sensors business - Focus on automotive LED market segment
• Company adjusting strategy due to cancellation of microLED project - Year-on-year growth in Q1 driven by automotive and consumer semiconductor businesses - Adjusted EBIT margin slightly below guided range - Main drivers for revenue increase are automotive and consumer semiconductor businesses - Company focusing on automotive, industrial, medical, and consumer applications
• Company restructuring microLED development activities - More than 500 employees affected by restructuring - Focus on microLED technology for automotive applications - Transfer of Kulim 8-inch-wafer factory to new lessee - Targeting reduction of debt by around EUR 400 million
• Company expects significant improvements in cash flow and adjusted EBIT in 2025 - Re-establish-the-Base program focusing on restructuring CMOS Imaging Sensors business - Semiconductor business reported in segments OS and CSA - Optical Semiconductors segment revenues at EUR 345 million - CMOS Sensors and ASICs segment revenues at EUR 233 million
• Automotive business performing well with a 13% year-on-year increase - Industrial & Medical business experiencing weakness with some stabilization in certain markets - Consumer device applications showing a 15% year-on-year increase - Lamps & Systems segment representing 32% of Q1 revenues - Adjusted EBITDA margin at 22.5% in Lamps & Systems segment

The next important date, Quarterly report, at ams-OSRAM is on 26.04.2024.

The price of ams-OSRAM at the time of the news was 1,0658EUR and was down -0,35 % compared with the previous day.
16 minutes after the article was published, the price was 1,0670EUR this corresponds to a plus of +0,12 % since publication.

ams-OSRAM

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ISIN:AT0000A18XM4WKN:A118Z8

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