February 6, 2020 / 6:06 AM / 22 days ago

Osram reports Q1 net profit of 1 mln euros and confirms guidance

BERLIN, Feb 6 (Reuters) - German lighting group Osram on Thursday reported a profit after tax of 1 million euros in its first quarter - compared with a loss of 5 million euros a year ago - and confirmed its guidance for the fiscal year.

The Munich-based company posted a 5.5% increase in revenues to 873 million euros ($960 million) for the quarter that ended in December. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 22.2% to 114 million euros. ($1 = 0.9093 euros) (Reporting by Michelle Martin Editing by Douglas Busvine)

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