OSRAM 2015 fiscal year first quarter results released

According to Reuters reported on February 4th, OSRAM said that thanks to sales of automotive lights and LED growth in the first quarter of fiscal year 2015 operating profit increased by 23%. Adjusted EBITA (pre tax interest ahead of the advance of the surplus) of 151 million euros (about RMB 1 billion 78 million), higher than the previous forecast of Reuters, the euro (about RMB 906 million yuan) mean.

However, OSRAM's corporate restructuring plans to spend 184 million euros (about 1 billion 313 million yuan), mainly used in Europe led to layoffs, a net loss of the company reached 39 million euros (about 278 million yuan).

In order to Seoul semiconductor, Nichia and EPISTAR and other Asian competitors to compete for the market, OSRAM focused on more profitable LED lighting. The German company reiterated that 2014/15 adjusted EBITA margin comparable with the previous year. However, due to restructuring costs in the thousands of jobs after the further increase in net profit will fall sharply.

OSRAM's new CEO Olaf Berlien said in a statement that the company will release a new operating layout in the spring.

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