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: Q3 revenue was EUR 853 million, above the midpoint of guidance, with core portfolio growth of about 6% year-over-year at constant currencies.
Semiconductor Growth: Core semiconductor business grew approximately 9% year-over-year on a comparable basis, showing strong performance despite currency headwinds.
Profitability: Adjusted EBITDA margin improved to 19.5%, up nearly 1 percentage point year-over-year and quarter-over-quarter, supported by a EUR 10 million one-off gain from asset sales.
Cost Savings: Cost-saving program is ahead of plan, with EUR 185 million in run-rate savings by end of Q3; management expects to achieve the EUR 225 million goal ahead of schedule.
Cash Flow: Positive free cash flow of EUR 43 million in Q3, with full-year free cash flow expected to exceed EUR 100 million in Q4.
Q4 Outlook: Q4 revenues are expected between EUR 790 million and EUR 890 million, with adjusted EBITDA margin guidance of 17.5%, plus or minus 1.5 percentage points.
Design Wins: Design wins underpin midterm growth, with EUR 4 billion accumulated lifetime value in first 9 months and on track for EUR 5 billion for the year.
