-
Osram
continues to focus on high-growth future markets
The management board of
Osram
has decided to divest its luminaires business. "Thanks to numerous measures, the earning position of the Lighting Solutions business unit has stabilized significantly, therefore allowing us to initiate an organized sales process. This will result in a more strategic focus with regards to applications with high growth potential," said
Olaf Berlien
, CEO of
OSRAM Licht AG
. Talks will be held with interested parties for the luminaires business. The management board will provide an update on the progress of strategic plans for the company at the Capital Markets Day in November.
As part of its strategic realignment,
Osram
is refining its positioning with an increased focus on the growth markets in high-tech fields. The financial figures of the Lighting Solutions (LS) business unit, combined with the contribution of the Digital Systems business unit, are captured within the Lighting Solutions & Systems (LSS) reporting segment. The largest LS location is Traunreut,
Germany
, where luminaires e.g. for industrial and commercial sites and street and stadium lighting are produced.
PRESS CONTACTS
Stefan Schmidt
Tel. +49 89 6213-4680
E-mail: stefan.schmidt@osram.com
Torsten Wolf
Tel. +49 89 6213-2506
E-mail: torsten.wolf@osram.com
Jens Hack
Tel. +49 89 6213-2129
E-mail: j.hack@osram.com
ABOUT
OSRAM
OSRAM
, based in
Munich
, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to networked, intelligent lighting solutions in buildings and cities.
OSRAM
utilizes the infinite possibilities of light to improve the quality of life for individuals and communities.
OSRAM's
innovations will enable people all over the world not only to see better, but also to communicate, travel, work, and live better. As of the end of fiscal year 2017 (
September 30
),
OSRAM
had approximately 26,400 employees worldwide. It generated revenue of more than
EUR4.1 billion
in fiscal year 2017. The company is listed on the stock exchanges in
Frankfurt
and
Munich
(ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at www.osram.com.
Disclaimer
This document contains forward-looking statements and information, i.e. statements about events that lie in the future rather than the past. These forward-looking statements can be identified by words such as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'seek', 'estimate', 'will', and 'predict'. Such statements are based on current expectations and certain assumptions made by
OSRAM's
management, so they are subject to various risks and uncertainties. A wide range of factors, many of which are beyond
OSRAM's
control, have an influence on the business activities, success, business strategy, and results of
OSRAM
. These factors may cause the actual results, success, and performance of
OSRAM
to differ significantly from those expressly or implicitly communicated in the forward-looking statements or from those that are expected on the basis of past trends. In particular, these factors include, but are not limited to, the circumstances described in the report on risks and opportunities contained in the annual report of the
OSRAM Licht Group
. If one or more of these risks or uncertainties materializes, or should the underlying assumptions prove incorrect, the actual results, performance, and success of
OSRAM
may differ significantly from those described in forward-looking statements as being expected, anticipated, intended, planned, believed, sought, estimated, or projected.
OSRAM
assumes no obligation, nor does it intend, to update these forward-looking statements above and beyond the legal requirements or to adjust them in light of unexpected developments. Due to rounding, numbers presented in this and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures to which they relate.