ams-OSRAM AG
VSE:AMS2
ams-OSRAM AG
ams-OSRAM AG develops and manufactures analog semiconductors, sensors, sensor interfaces, power management, and wireless solutions. The firm operates through Semiconductors and Lamps & Systems (L&S) segments. The Semiconductors segment includes semiconductor-based products and solutions for customers in the automotive, consumer, industrial and medical technology end markets. Its automotive market includes differentiated LED (Light-emitting diode)solutions for head lamps and other front lighting, exterior lighting, and interior ambient lighting for vehicles. In addition, the Company's business unit Opto Semiconductors (OS) is into emitter technologies (LEDs and laser diodes), CMOS Sensors and ASICs (CSA) is in sensor and analog mixed signal integrated circuits (IC). The L&S segment includes lamp and lighting systems with a focus on the automotive and industrial end markets. L&S’s automotive business mainly comprises traditional halogen, xenon and signal lamps for vehicles, LED-based lamps and modules and retrofit lighting systems.
ams-OSRAM AG develops and manufactures analog semiconductors, sensors, sensor interfaces, power management, and wireless solutions. The firm operates through Semiconductors and Lamps & Systems (L&S) segments. The Semiconductors segment includes semiconductor-based products and solutions for customers in the automotive, consumer, industrial and medical technology end markets. Its automotive market includes differentiated LED (Light-emitting diode)solutions for head lamps and other front lighting, exterior lighting, and interior ambient lighting for vehicles. In addition, the Company's business unit Opto Semiconductors (OS) is into emitter technologies (LEDs and laser diodes), CMOS Sensors and ASICs (CSA) is in sensor and analog mixed signal integrated circuits (IC). The L&S segment includes lamp and lighting systems with a focus on the automotive and industrial end markets. L&S’s automotive business mainly comprises traditional halogen, xenon and signal lamps for vehicles, LED-based lamps and modules and retrofit lighting systems.
Revenue & Profitability Beat: Q4 revenue and adjusted EBITDA came in at the upper end of guidance, described as a clear beat, despite FX pressures.
Core Semiconductor Growth: Core semiconductor portfolio grew 8% year-on-year on a like-for-like basis, in line with company targets.
Strong Free Cash Flow: Free cash flow for the year was EUR 144 million, above EUR 100 million as promised.
Deleveraging on Track: Company announced EUR 670 million in proceeds from divestments, reducing pro forma leverage to 2.5x.
New Cost Program: Launched 'Simplify' transformation program, targeting a further EUR 200 million in annual cost savings with around 2,000 headcount affected.
Outlook Soft for 2026: Guidance indicates group revenue might be slightly softer than 2025 due to divestments and FX headwinds, with adjusted EBITDA negatively impacted by one-offs and higher precious metal costs.
Liquidity & Refinancing: Liquidity rose to EUR 2.2 billion, sufficient to cover upcoming debt maturities and OSRAM minorities; refinancing expected to lower annual interest costs.
Strategic Milestone: ams-OSRAM holds #1 global packaged LED supplier position, surpassing a key rival.
