2024-07-27

ams OSRAM delivers solid revenues in Q2 and continues turn-around with profitability at the upper end of the guided range

ams OSRAM delivers solid revenues in Q2 and continues turn-around with profitability at the upper end of the guided range Q2/24: revenues EUR 819m, adj. EBIT EUR 56m (6.8%), adj. EBITDA EUR 135m (16.5%) Q3/24: expected third quarter revenues of EUR 830 to 930m and adj. EBITDA margin of 17% to 20% H2/24: significantly improved free cash flow due to lower capex and higher profitability Implementation of Re-establish-the-Base program progressing well, approx. EUR 60m savings realized to date Design-win momentum for long-term struc...
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ams OSRAM and Traxon Lighting Ltd. officially announced the long-term extension of their strategic brand licensing partnership well into the next decade, reinforcing the continued presence of the OSRAM brand in key Asian markets. Several light... READ MORE

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard’) today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s p... READ MORE