OSRAM 18Q2 revenue over 7 billion 600 million, the recent acquisition of two enterprises to accelerate the transformation

OSRAM yesterday (3) announced the 2018 second quarter financial results. OSRAM Group CEO Olaf Berlien said: "the first half of this fiscal year is full of challenges. But it will not affect OSRAM's long-term growth, restructuring and transformation of science and technology, now work is ongoing."

OSRAM's growth slowed slightly in the second quarter of 2018, revenues of 1 billion 10 million euros (about 7 billion 680 million yuan), growth of 1.8% over the previous year. Special projects adjusted EBITDA for 153 million euros, lower than the same period last year. The adjusted EBITDA margin reached 15.1%. OSRAM in the second quarter of the financial situation is affected by the continued strong exchange rate and other market factors; but from the long-term perspective, OSRAM has chosen the right development strategy, which focused on the development of semiconductor technology based on high-tech products. In addition, in order to expand has great potential in the future of science and technology products accounted for, OSRAM group also conducted a series of acquisitions.

Financial performance of business categories that adversely affect the recent market trends and the weakening dollar on OSRAM's existing business. But the positive is that OSRAM in Malaysia in the new forest plant has been established in accordance with the production plan, and achieved the three continents of the first large customer orders. The factory was opened in accordance with the original plan of development and deployment, the total production is expected at the end of the fiscal can reach the expected.

Recently, OSRAM has strengthened its semiconductor lighting and laser technology portfolio through the acquisition of a wholly-owned Vixar. Vixar is the United States VCSEL (vertical cavity surface emitting laser) technology in the field of professional leader, understand this technology mainly with its application in mobile device identification on the public, also can be used in medical, industrial and automotive sectors, hand gesture recognition and distance measurement. The acquisition will not only bring the super compact 3D facial recognition technology, security technology for OSRAM, can also play an important synergistic effect.

Special lighting division is undergoing significant changes, by focusing on the halogen lamp and xenon lamp and other traditional car headlights, turn to the high-tech LED solution as the center. At the same time, the special lighting division has been expanding the scope of business lighting plant. In order to strengthen the business, OSRAM recently acquired the U.S. special lighting company Fluence Bioengineering to intelligent plant solutions to the field of a new step. Fluence's main business includes the development and sales of lighting products for vegetable and medicinal plants, including LED OSRAM plant lighting system based on LED chip has wide application value, especially suitable for the development of agriculture in the area of vertical city. The acquisition will expand the OSRAM plant lighting product portfolio.

Performance solutions division of lighting system shows that the basic trend of the market will not change. The Department of products, for lighting equipment, electronic ballast and its service demand is still sluggish. The board of directors of the group has decided to make a key part of solutions division of professional lighting, and start the American lighting service sale process. According to the relevant documents in the drafting of the potential buyers.

Last week, OSRAM has adjusted the current fiscal year performance expectations: Based on the existing exchange rate, the expected revenue of 5% an increase of 3% ~ (expected 5.5% ~ 7.5%), adjusted EBITDA for about 640 million euros (about 700 million euros as expected). In addition, OSRAM is expected in fiscal year 2018 diluted earnings per share for 1.90 ~ 2.10 euros (expected 2.40 ~2.60 euros), free cash flow is negative 0.5 to 150 million euros (same as expected).

OSRAM's second quarter key data

(above the unaudited interim data. The unit for the "million euro", profit rate is expressed as a percentage, the number of employees at the end of March 31st; in brackets is negative).

(1 special projects after adjustment, such as the transformation cost, major laws and regulations matters and merger related expenses. )

The second quarter of each type of business financial performance

(above the unaudited interim data. The unit is "million euros" in brackets is negative).

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