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OSRAM's 2016 revenue of 3.78 billion euros to sell Foshan Lighting shares "great"
Osram CEO Dr. Olaf Berlien said that the 2016 fiscal year of OSRAM was extremely successful. In the year of OSRAM's largest restructuring in history, another record was created that reached the expected level. Today, OSRAM is a high-tech company with nearly 17,000 patents and a dominant position in the market. In 2016, Osram's revenue increased by nearly 6%, and the trend is relatively stable. After adjustments, EBITA's profit increased by 12.5% ​​and the proposed dividend was EUR 1 per share. The OSRAM Board of Directors expects 2017 to continue to grow along this growth curve. Osram CEO Dr. Olaf Berlien said that the 2016 fiscal year of OSRAM was extremely successful. In the year of OSRAM's largest restructuring in history, another record was created that reached the expected level. Today, OSRAM is a high-tech company with nearly 17,000 patents and a dominant position in the market. It wants to expand its leading position and achieve first place in more fields. In the fiscal year ending September 30, OSRAM benefited from continued strong demand, especially for high-end optoelectronic semiconductor products. In comparison, except for the impact of portfolio and currency, the income from continuing operations increased by about 6% compared with the same period last year, reaching 3.78 billion euros. All reporting projects contributed to this growth. In nominal terms, revenue increased by 6%. After adjusting for special subjects, EBITA continued to operate by about 10%, reaching 471 million euros, which translates into a profit of 12.5%. From the results of the book income from the sale of Foshan Lighting Co., the net income from continuing operations more than doubled to 532 million euros. At the annual general meeting, dividends per share were mentioned for 1 euro. In the future, OSRAM will use the earnings before interest, tax, depreciation and amortization as the main evaluation method to reflect its operating profit as a technology company under the new position. In FY2017, OSRAM expects revenue to increase by 5 to 7 percentage points year-on-year, with adjusted EBITDA margins of at least 16%.