2020-06-18

Osram Announces New Business Outlook for Fiscal 2020, See Recovery after Its FY3Q20

With the impacts of COVID-19 outbreak, several companies across the world including Osram had withdrawn their business outlook or guidance earlier this year. As for new, following reopens in many countries, Osram provided an updated business guidance for its fiscal year 2020, starting October 2019 and ending September 2020. Osram reported on June 17, 2020, that it is expecting an on-year revenue decline of -15 to -19%, comparing to its previous guidance of comparable revenue growth between -3% and +3%. The projected adjusted EBITDA margin went down from 9% to 11% to ...
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2020-05-28

Rising Lighting Applications You Can’t Miss in Post-pandemic Era

In 2020, people all around the globe are living in ways that we would never have thought because of COVID-19 pandemic. Majority of the world population has spent most of their time at home with lockdown policies and to avoid infection in the past few months. Even now that several areas have lifted up the restriction, people’s lifestyle is likely to change forever. Lighting applications, which highly related to our daily life, reflect the changes of people’s behaviors. LEDinside is thus seeing some rising trends in the lighting industry in response to the impact of ...
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2020-05-19

Apple Expands Micro LED Investment in Taiwan to Avoid Project Delay Led by COVID-19 Pandemic

Apple was reported last week that it has planned to invest US$334 million for the new facility in Taiwan, located in the Longtan section of Hsinchu Science Park. The new factory is believed to focus on Micro LED and Mini LED technologies which Apple aims to apply in its new products. Taiwanese companies Epistar and AUO as well as other companies of the Mini LED and Micro LED supplier chains are reportedly supporting Apple’s products adopting the next-gen display technologies. Apart from getting closer with its partners, another major reason for Ap...
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2020-05-08

Osram Reports Increased Cash Flow and Profit Margin

Osram announced its FY2Q20 financial results and said that it has achieved a good second quarter given the global challenges. The company registered a revenue of EUR 821 million (US$ 890.25 million), which dropped by 7.9% YoY. Despite that, the adjusted EBITDA increased by 36.8% YoY and adjusted EBITDA margin also improved by 3.6 p.p to 11.7%. Due to restructuring costs for the change in structural and personnel adjustments, Osram reported a loss of EUR 39.3 million (US$ 42.61 million). Osram CEO, Olaf Berlien, said that the company had reacted very...
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The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE