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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

29.55EUR
9:05pm IST
Change (% chg)

€1.55 (+5.54%)
Prev Close
€28.00
Open
€27.89
Day's High
€29.95
Day's Low
€27.66
Volume
1,305,120
Avg. Vol
863,295
52-wk High
€42.58
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

Osram says discontinues share buyback program
Tuesday, 14 May 2019 

May 14 (Reuters) - Osram Licht AG says::DISCONTINUES SHARE BUYBACK PROGRAM.DECISION WAS TAKEN AGAINST BACKGROUND OF COMPREHENSIVE MEASURES TO INCREASE OPERATIONAL EFFICIENCY AND TO TIGHTEN ADMINISTRATION AND SALES STRUCTURES, WHICH ARE BEING IMPLEMENTED DUE TO CURRENTLY WEAK MARKET AND BUSINESS SITUATION.  Full Article

Osram: Q2 Sales Fell 13.5 Pct, Still Sees 11-14 Pct Full-Year Decline
Wednesday, 8 May 2019 

May 8 (Reuters) - Osram OSRN.DE::CHALLENGING MARKET ENVIRONMENT CONTINUES INTO Q2 FY 2019.Q2 PERFORMANCE WAS AS EXPECTED.ADJUSTED EBITDA MARGIN WAS 8.1 PERCENT.REVENUE ON A COMPARABLE BASIS FELL BY 13.5 PERCENT TO 862 MILLION EUROS IN THE PERIOD FROM JANUARY TO END OF MARCH.GENERAL ECONOMIC SLOWDOWN IS ADVERSELY AFFECTING BUSINESS DEVELOPMENT.NET LOSS OF 91 MILLION EUROS DUE TO TRANSFORMATION COSTS AND AN IMPAIRMENT CHARGE IN THE CONTROLS BUSINESS.MANAGEMENT BOARD PLANS SAVINGS OF OVER 200 MILLION EUROS BY 2021.ADJUSTED EBITDA AT 70 MILLION WAS 56 PERCENT BELOW PRIOR-YEAR FIGURE.OPTO SEMICONDUCTORS DIVISION RECORDED DECLINE IN SALES OF AROUND 18.8 PERCENT ON A COMPARABLE BASIS DUE TO ECONOMIC EFFECTS, WEAKNESS IN AUTOMOTIVE INDUSTRY AND GENERAL LIGHTING.MANAGEMENT BOARD EXPECTS DECLINE IN REVENUE FROM CONTINUING OPERATIONS OF 11 TO 14 PERCENT, AN ADJUSTED EBITDA MARGIN OF 8 TO 10 PERCENT.DUE DILIGENCE ON TALKS WITH BAIN CAPITAL AND CARLYLE GROUP ABOUT POSSIBLE TAKEOVER, REMAINS TO BE SEEN IF AGREEMENT WILL BE REACHED.  Full Article

Societe Generale Holds 5.52 Pct Of Voting Rights In Osram - Regulatory Filing
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Osram Licht Ag ::SOCIETE GENERALE HOLDS 5.52 PERCENT OF VOTING RIGHTS AS OF APRIL 3 - REGULATORY FILING.  Full Article

Osram Adjusts Its Annual Forecast Due To A Weak Market
Thursday, 28 Mar 2019 

March 28 (Reuters) - Osram Licht AG ::OSRAM ADJUSTS ITS ANNUAL FORECAST DUE TO A WEAK MARKET.MANAGING BOARD OF OSRAM LICHT AG HAS DECIDED TODAY TO LOWER ITS FORECAST FOR FISCAL YEAR 2019 (CONTINUED OPERATIONS).AMONGST REASONS ARE CONTINUED MARKET WEAKNESS IN AUTOMOTIVE INDUSTRY, IN GENERAL LIGHTING AND IN MOBILE DEVICES. THIS HAS LED TO SIGNIFICANT INVENTORY BUILD UPS, PARTICULARLY IN CHINA.OSRAM PREVIOUSLY HAD PUT ITS GUIDANCE UNDER CONDITION THAT ORDER INTAKE WOULD NEED TO REVIVE MEANINGFULLY IN SUPPORT OF SECOND HALF OF FISCAL YEAR 2019.AT THIS POINT IN TIME SUCH A DEVELOPMENT HAS NOT OCCURRED, NOR IS IT EXPECTED FOR REST OF FISCAL YEAR.Q2 OF FISCAL 2019 IS EXPECTED TO SEE A REVENUE DECLINE OF ROUGHLY 15 PERCENT ON A COMPARABLE BASIS WHEN COMPARED TO PREVIOUS YEAR.ADJUSTED EBITDA MARGIN IN MID TO HIGHER SINGLE DIGIT RANGE.OPTO SEMICONDUCTORS BUSINESS UNIT HAS BEEN PARTICULARLY AFFECTED BY THIS BUSINESS DEVELOPMENT, IMPACTED BY UNDERUTILIZATION OF ITS PRODUCTION CAPACITIES.MANAGING BOARD NOW EXPECTS FOR CONTINUED OPERATIONS IN FISCAL 2019 A REVENUE DECLINE BETWEEN 11 AND 14 PERCENT (PRIOR: REVENUE GROWTH BETWEEN 0 AND 3 PERCENT).ADJUSTED EBITDA MARGIN BETWEEN 8 AND 10 PERCENT (PRIOR: BETWEEN 12 AND 14 PERCENT).  Full Article

UK's CMA Looking to Assess Osram's Acquisition Of RGI Light, Ring Automotive
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - UK CMA::CMA -CONSIDERING WHETHER ACQUISITION BY OSRAM OF RGI LIGHT, RING AUTOMOTIVE WILL RESULT IN CREATION OF MERGER SITUATION, COMPETITION LESSENING.  Full Article

Osram CEO Says We Are In Concrete Discussions With Interested Parities About Siteco Sale
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Osram Licht ::CEO SAYS WE ARE IN CONCRETE DISCUSSIONS WITH INTERESTED PARITIES ABOUT SITECO SALE.CEO SAYS BREAKDOWN OF TALKS WITH BAIN CAPITAL AND CARLYLE <<>> IS POSSIBLE.CEO SAYS ON POTENTIAL MERGER, FURTHER PUBLIC DISCUSSION ON THIS WOULD BE OF DISADVANTAGE FOR OSRAM'S NEGOTIATING POSITION.  Full Article

Wesco International Acquires Osram's Sylvania Lighting Solutions
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Wesco International Inc ::WESCO INTERNATIONAL INC ACQUIRES OSRAM'S SYLVANIA LIGHTING SOLUTIONS.WESCO INTERNATIONAL INC - WESCO WILL ACQUIRE SLS'S BUSINESS OPERATIONS IN UNITED STATES AND CANADA.WESCO INTERNATIONAL INC - TODD MYERS, SLS'S CURRENT CHIEF EXECUTIVE OFFICER, WILL CONTINUE TO LEAD ORGANIZATION.WESCO INTERNATIONAL - WESCO SERVICES, LLC SUBSIDIARY ENTERED INTO AGREEMENT TO ACQUIRE CERTAIN ASSETS OF SYLVANIA LIGHTING SOLUTIONS FROM OSRAM SYLVANIA.  Full Article

Osram CEO Says Is Confident To Complete U.S. Service Business Sale By End-2018
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Osram Licht AG ::CEO SAYS MY TARGET IN 5 YEARS IS TO HAVE REVENUES SPLIT EVENLY BETWEEN AUTOMOTIVE, INDUSTRIAL AS WELL AS MOBILE/INFRASTRUCTURE.CFO SAYS IS RELATIVELY CONFIDENT THAT SALE OF U.S. SERVICE BUSINESS WILL BE COMPLETED BY END-2018.CFO SAYS SITECO SALE PROCESS WILL TAKE UNTIL 2019.CEO SAYS ON U.S. MID-TERM ELECTION WE HOPE TRUMP WILL NOW BE FORCED TO CARRY OUT A MORE BALANCED POLICY TOWARD CHINA IN TRADE CONFLICT.  Full Article

Osram acquires stake in Montreal-based horticulture start-up company Motorleaf
Tuesday, 15 May 2018 

May 15 (Reuters) - Osram Licht AG ::OSRAM’S VENTURE CAPITAL ARM, FLUXUNIT, HAS ACQUIRED A STAKE IN CANADIAN STARTUP MOTORLEAF.  Full Article

Osram Licht And Continental Sign Joint Venture Contract
Tuesday, 3 Apr 2018 

April 3 (Reuters) - OSRAM LICHT AG ::OSRAM AND CONTINENTAL SIGN JOINT VENTURE CONTRACT.JOINT VENTURE INVOLVING AROUND 1,500 EMPLOYEES SCHEDULED TO START IN THE SECOND HALF OF 2018.BOTH PARTNERS HAVE A STAKE OF 50 PERCENT.CEO FROM OSRAM, CFO FROM CONTINENTAL.SALES TARGET IN MID-TRIPLE-DIGIT-MILLION-EURO RANGE.  Full Article

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Osram says still in talks with Bain and Carlyle, shares spike

MUNICH German lighting group Osram said on Thursday that talks with Bain and Carlyle were continuing, after a report said the private equity groups could bid 35 euros per share for the company.