OSRAM 2014 fiscal year Q4 net profit increased by 40%

Germany OSRAM (OSRAM) 4 announced the fourth quarter of fiscal year 2014 (2014 7-9 months) earnings. In the fourth quarter revenues of 1 billion 335 million euros (about 10 billion 118 million yuan), compared to the same period last year were flat, rose only 3 million euros (about 22 million 736 thousand and 400 yuan); adjusted EBITA (earnings before interest and tax share in advance for 106 million euros) (about 803 million yuan), down 2%; net profit of 12 million euros (equivalent to RMB about 90 million 945 thousand and 600 yuan), an increase of 41%.

In the fourth quarter of fiscal 2014, LED lighting system & Department of revenue of 144 million euros (about 1 billion 91 million yuan), an increase of 72%, after adjusting for EBITA -2300 million euros (equivalent to approximately RMB -1.74 billion yuan); traditional lamps & ballast sector revenues of 472 million euros (about 3 billion 577 million yuan), down 14%. The adjusted EBITA for 32 million euros (about 243 million yuan); Lighting & Solutions Division revenues of 124 million euros (about 940 million yuan), down 20%, after adjusting for EBITA -1100 million euros (equivalent to about -8337.12 million yuan).

At the same time, OSRAM announced the 2014 fiscal year (October 2013 -2014 September) annual revenues of 5 billion 142 million euros (about 38 billion 972 million yuan), down 3%; adjusted EBITA for 449 million euros (about 3 billion 403 million yuan), an increase of 39%; net profit of 193 million euros (about 1 billion 463 million yuan), an increase of 159%.

Among them, LED lighting system & Department of fiscal year 2014 revenues of 454 million euros (about 3 billion 441 million yuan), an increase of 53%, after adjusting for EBITA -8400 million euros (about 637 million yuan); traditional lamps & ballast sector revenues of 1 billion 963 million euros (equivalent to about 14 billion 878 million yuan), down 15% year on year, adjustment after EBITA for 172 million euros (about 1 billion 304 million yuan); Lighting & Solutions Division revenues of 469 million euros (about 3 billion 555 million yuan), down 16%, after adjusting for EBITA -6000 million euros (equivalent to approximately RMB -4.55 billion yuan).

As can be seen from the announcement, the company's LED business grew significantly, while the traditional lighting business continued to decline, which is the inevitable result of the transformation of OSRAM LED lighting.

For the fourth quarter, OSRAM said, because the market continued demand for LED products, LED lighting system & the fourth quarter revenue rose 72%, though still unable to achieve profitability, but the adjusted EBITA margin has improved, -16%. The LED market has continued to affect the impact of traditional lighting sales, down 13% year on year. The lighting & Solutions division revenue fell 20% mainly due to the rectification of the service business in North America, as well as the adjustment of lighting product portfolio.

In addition, compared with the same period last year, OSRAM LED product revenue accounted for 39%, compared with the same period last year, an increase of the proportion of 8%.

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