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|Day's range||47.83 - 48.00|
|52-week range||24.63 - 48.17|
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After a challenging fiscal year 2019, Osram has made a robust start to fiscal 2020. On a comparable basis, revenue in the first quarter (ending December) grew slightly by 0.5 percent to 873 million euros. The adjusted EBITDA margin increased on a comparable basis by nearly two percentage points to 13.0 percent. The semiconductor business in particular showed a significant recovery in margins. Adjusted EBITDA climbed by more than 22 percent to 114 million euros within a year. This development is due to the Osram performance programs, higher production volumes and positive effects from the change to IFRS 16 accounting standard. "The performance programs initiated at an early stage had a lasting effect in the first quarter," said Olaf Berlien, CEO of OSRAM Licht AG.
Environmental protection and sustainable management are two of the dominant topics of the World Economic Forum in Davos. The most sustainable companies in the world are awarded every year by the Canadian research company Corporate Knights. Osram made it as the most sustainable company in Germany to the worldwide top 20. The high-tech company is thus underlining its sustainability performance of recent years. Osram is today also publishing its sustainability report for fiscal year 2019 on its current activities.
CES 2020 – Osram, a global high-tech lighting company, is proud to announce it is the exclusive lighting supplier for MetroSnap, the latest concept vehicle from Rinspeed, a Switzerland-based creative think tank famous for its vision. This is the fourth consecutive year that Osram has supported the Rinspeed concept vehicle with automotive lighting and sensing applications, helping to illuminate the future of driving. The new Rinspeed concept vehicle will be unveiled for the first time in Osram’s CES booth 8516 in the North Hall of the Las Vegas Convention Center.
CES 2020 – Osram continues to transform into a leading player in the high-tech photonics industry, introducing groundbreaking products and solutions at CES in booth 8516 in the North Hall of the Las Vegas Convention Center. Osram’s overarching photonics initiative is focused on unlocking the potential of visible and invisible light to improve the lives of consumers in the four key areas of Mobility, Safety & Security, Connection, and Health & Well-Being.
Austria's AMS plans to launch a new takeover bid for German lighting group Osram at the same price but lowering the acceptance rate to 55%, to make its vision of becoming a global leader in sensors and lights come true. Sensor specialist AMS failed with its 4.5 billion euro (3.9 billion pounds) takeover offer for the leader in automotive lighting after a fierce takeover battle earlier this month. It collected 51.6% of Osram shares, including its own nearly 20% stake, falling short of the required 62.5%.
AMS already has a list of potential strategic buyers for Osram's digital business it could talk to if it succeeds in purchasing the German lighting group, the chief executive of the Austrian sensor specialist said. AMS wants to take over the much bigger leader in automotive lighting to create a heavyweight in sensor solutions and photonics and has said that if it was successful, it would look for a buyer for Osram's digital business. "We do have a list of potential strategic buyers for Osram's digital business," Alexander Everke told German weekly Wirtschaftswoche in an interview published on Thursday.
Austrian sensor specialist AMS made a 4.3 billion euro($4.8 billion) counter-offer for larger German lighting group Osram on Tuesday, raising the prospect of a bidding war with private equity duo Bain Capital and Carlyle . AMS made its 38.50 euro ($42.90) per share offer for Osram, which is 10% above the price offered by the buyout firms, after approval from German finance watchdog Bafin, adding that the acceptance period will run from Sept. 3 until Oct. 1. The bid automatically extends the period for the offer by Bain Capital and Carlyle Group.
FTSE 100 down 0.2% * Osram rallies, AMS sinks after Austrian firm preps counterbid * Investors welcome new ABB CEO, shares rise 3.7% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. "At the overall market level, while we remain positive on stocks for the year, we are in the short term advocating a pullback, lasting perhaps a few weeks, similar to the May experience, of a high-single-digit weakness," say strategists at the US bank led by Mislav Matejka. Matejka and team say there are two additional catalysts to look forward to into September: 1) ECB restarting QE 2) Second Fed cut and perhaps some ceasefire on the trade front (Danilo Masoni) ***** SPOKE TOO SOON... (0853 GMT) We were just struggling to describe the move higher today with little newsflow but before we did that the rally is already on its way to death.
FTSE 100 down 0.2% * Osram rallies, AMS sinks after Austrian firm preps counterbid * Investors welcome new ABB CEO, shares rise 4% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. What looked like a solid rebound a little over an hour back is now fading fast with miners pulling the FTSE 100 into red, while STOXX 600 is up just 0.1%. Dollar spike is hitting miners, while worsening Hong Kong protests are hitting risk sentiment among investors.
Shares in German lighting specialist Osram Licht were indicated 12% higher in Frankfurt early trading after rival AMS launched a 38.50 euros ($43.13) a share takeover designed to trump a rival 35-euros-a-share offer from Bain and Carlyle. Austria's AMS triggered a bidding war by saying it was ready to pay $3.8 billion for the German lighting group's shares, a 10% premium over what finance investors Bain Capital and Carlyle have already offered. Osram, which is grappling with weakness in the automotive industry and a broader economic slowdown, had sparked bidding interest because of its potential as a supplier for connected and autonomous cars.
Osram said on Monday it would consider a takeover by Austrian sensor maker AMS that trumps a competing bid by Bain and Carlyle with a cash offer valuing the German lighting group at 4.3 billion euros (£3.98 billion). AMS said it could create a global heavyweight in sensors and photonics with the acquisition of Osram, a leader in automotive lighting technology whose share price has been depressed by profit warnings, doubts over its strategy and a weak car market. Osram called AMS's financing plan "binding and viable".
German lighting group Osram Licht continues to struggle with a weak automotive industry and "economic turbulences" as the Munich-based company posted a quarterly net loss on Wednesday. "We are not seeing any significant short-term recovery of the markets," CEO Olaf Berlien said in a statement https://www.osram-group.com/en/media/press-releases/pr-2019/31-07-2019. Osram's revenues in the fiscal third quarter came in at 850 million euros (£780.94 million), down 9.2% year-on-year, while earnings before interest, taxes, depreciation and amortisation (EBITDA) were down 66.2% to 42 million euros.