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Ailing lighting company Osram was also in the red in the fourth quarter, which ended in late September, despite a recovery. The end result was a loss of 89 million euros, as announced by the MDax group on Friday in Munich. In the same period last year, the deficit was 213 million euros.
Osram estimated the decline in fourth-quarter sales at 17.7 percent (739 million euros). Adjusted margin on earnings before interest, taxes, depreciation and amortization was 9.6 percent, 0.3 percentage points above the prior year figure. Osram said that in the last quarter of the year there were signs of improvement in the two large Opto Semiconductor divisions and in the automotive segment. In the automotive market, which is of particular importance to the group, there are signs of a remarkable recovery. Regardless of this, Osram also suffered a bitter loss in the entire 2019/2020 fiscal year: 267 million euros.
Osram confirmed the forecast he presented in September for the new financial year 2020/2021 that began in early October. Consequently, the lighting company continues to expect comparable sales growth of six to ten percent and an adjusted margin on earnings before interest, taxes, depreciation and amortization of nine to eleven percent. This would mean that the Munich-based company would improve significantly on both indicators compared to the previous year.
Austrian sensor specialist and new majority shareholder AMS took office in Osram this week after the extraordinary general meeting of the traditional Munich group approved the ownership and profit transfer agreement with the Styrian company.
