OSRAM orderly reorganization will focus on technology oriented market

OSRAM recently announced that the company is an orderly restructuring of enterprises. OSRAM's board of supervisors at the April 28th meeting adopted a resolution authorizing the resolution of the general lighting source business division plan. According to the plan, general lighting business will be split out as an independent business operations, so that it can in the market better and more flexible to implement a number of strategic partners, including strategy. While Opto Semiconductors, automotive lighting and special lighting, as well as lamps, lighting systems and solutions will constitute the future of OSRAM's core business. Through such initiatives, OSRAM will further focus on the growth of enterprises, as well as innovation and technology leadership, thus changing the lighting market in better respond to diverse and dynamic user demand.

OSRAM CEO Olaf Berlien said: OSRAM's second quarter performance is good, we will still take positive measures to deal with different types of market demand, so as to achieve long-term development of enterprises. According to different user needs and market drivers, the lighting market is usually divided into two types: scale oriented market and technology oriented market. For the scale oriented market, continuous high quality and cost advantage is the winning factor. For the technology oriented market, innovation, customized solutions and sustainable growth is the key factor. OSRAM's core business in the future will focus on technology oriented market. "

In the second quarter of this fiscal year, OSRAM's LED related lighting products and solutions accounted for the company's total revenue of 41%. EBIT rose 54% to $125 million, or about $8.9% of total revenue. Net profit of 78 million euros, an increase of 13%.

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