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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

38.64EUR
9:05pm IST
Change (% chg)

€-0.32 (-0.82%)
Prev Close
€38.96
Open
€39.04
Day's High
€39.04
Day's Low
€37.79
Volume
485,746
Avg. Vol
814,712
52-wk High
€79.58
52-wk Low
€31.54

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Thu, Jun 28 2018

UPDATE 1-Osram slashes guidance as autos customers push back orders

* Shares drop 22 percent to 3.5-year low (Adds CFO, CEO comments, share price, details)

Osram says carmakers pushing back, not cancelling orders

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.

Osram slashes guidance on auto sector uncertainty, project delays

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.

BRIEF-Osram buys 3D identification specialist Vixar

* SAYS TO FOCUS ON SEMICONDUCTOR-BASED HIGH-TECH PRODUCTS, BUYS 3D IDENTIFICATION SPECIALIST VIXAR

UPDATE 1-Osram shares drop after "muted" first half prompts warning

* Shares drop 11 percent (Recasts, adds share price, analyst comments)

Osram cuts profit guidance on weaker U.S. dollar, slow business

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.

BRIEF-Osram Licht And Continental Sign Joint Venture Contract

* JOINT VENTURE INVOLVING AROUND 1,500 EMPLOYEES SCHEDULED TO START IN THE SECOND HALF OF 2018

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