ams OSRAM AG
SIX:AMS
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ams OSRAM AG
ams-OSRAM AG develops and manufactures analog semiconductors, sensors, sensor interfaces, power management and wireless solutions. The company designs and produces integrated analog microchips and offers services and consulting in the areas of power management, sensors, sensor interfaces and mobile entertainment. The firm provides its products and services to customers in the communications, industrial, medical technology and automotive markets. The firm divides its activities into two business segments: Products and Foundry. The Products business segment consists of Consumer and Communications, Industry and Medical, as well as Automotive market areas and manufactures sensors, such as complementary metal-oxide-semiconductor (CMOS) sensors for environmental data. The Foundry business segment comprises the Full Service Foundry area that offers contract manufacture of analog integrated circuit (IC) technologies. The firm operates subsidiaries in Europe, the United States, Japan, India, China, Korea and the Philippines.
ams-OSRAM AG develops and manufactures analog semiconductors, sensors, sensor interfaces, power management and wireless solutions. The company designs and produces integrated analog microchips and offers services and consulting in the areas of power management, sensors, sensor interfaces and mobile entertainment. The firm provides its products and services to customers in the communications, industrial, medical technology and automotive markets. The firm divides its activities into two business segments: Products and Foundry. The Products business segment consists of Consumer and Communications, Industry and Medical, as well as Automotive market areas and manufactures sensors, such as complementary metal-oxide-semiconductor (CMOS) sensors for environmental data. The Foundry business segment comprises the Full Service Foundry area that offers contract manufacture of analog integrated circuit (IC) technologies. The firm operates subsidiaries in Europe, the United States, Japan, India, China, Korea and the Philippines.
Revenue: Q3 revenue was EUR 853 million, coming in above the midpoint of guidance. FX headwinds, mainly a weaker US dollar, weighed on top-line results.
Profitability: Adjusted EBITDA margin improved to 19.5%, up nearly 1 percentage point QoQ and YoY, aided by a EUR 10 million one-off gain from asset sales.
Core Growth: Core semiconductor business grew 9% year-over-year at constant currencies, outperforming the overall group and demonstrating strong portfolio performance.
Cost Savings: Run-rate savings from the cost program reached EUR 185 million, ahead of plan, with management confident of exceeding the EUR 225 million target ahead of schedule.
Cash Flow: Free cash flow turned positive at EUR 43 million for Q3, with expectations for over EUR 100 million in Q4, partly thanks to expected Chips Act inflows.
Outlook: Q4 revenue expected between EUR 790 million and EUR 890 million, with a slightly lower adjusted EBITDA margin guidance and stable to slightly weaker demand in auto and consumer segments.
Asset Disposals: Over EUR 500 million in planned asset disposals are on track, with the entertainment lamp business sale progressing toward Q1 closing.
