Osram Licht AG (OSRn.DE)
Thu, Jun 28 2018
* Shares drop 22 percent to 3.5-year low (Adds CFO, CEO comments, share price, details)
FRANKFURT, June 28 Some of Osram's automotive customers have pushed back but not cancelled their orders amid uncertainty over trade restrictions and a change in lab test standards, the lighting group's finance chief said on Thursday.
FRANKFURT, June 28 German lighting group Osram slashed its full-year guidance a second time on Thursday, citing uncertainty among its automotive clients and delays to some projects, and said it would accelerate cost-cutting efforts.
* SAYS TO FOCUS ON SEMICONDUCTOR-BASED HIGH-TECH PRODUCTS, BUYS 3D IDENTIFICATION SPECIALIST VIXAR
* Shares drop 11 percent (Recasts, adds share price, analyst comments)
FRANKFURT, April 24 German lighting group Osram stepped up cutbacks and slashed its guidance for adjusted core profit and earnings per share in fiscal 2018, citing a weak dollar and slower business development.
* JOINT VENTURE INVOLVING AROUND 1,500 EMPLOYEES SCHEDULED TO START IN THE SECOND HALF OF 2018