Accelerating business transformation and the layout of the automotive industry, this multinational LED giant "escape from the fire pit"

the third quater

· Comparable revenue growth of more than 3%, adjusted by non-recurring factors in the previous year to increase by more than 8%

· Adjusted profit and loss before tax depreciation and amortization continued to rise, exceeding 16%

· The board of directors confirms its fiscal year 2017 financial forecast

·Osram buys shares in companies that specialize in auto-driving car navigation technology

“Osram's operating results are still very strong. We are making steady progress on the road to transformation into system suppliers. We have paved the way for a key future market for autonomous driving by purchasing part of LeddarTech.”

- CEO of OSRAM Lighting Group

Olaf Berlien

Shanghai, China, July 27, 2017

Osram continued to grow in the third quarter of fiscal 2017. Calculated in a comparable manner (affected by portfolio and monetary factors), the third quarter grew by more than 3%. In addition, due to the peak revenue of 47 million euros in the last year, the revenue from April to June 2017 increased by more than 8% to 1.06 billion euros. This growth is due to the continued high demand for optoelectronic semiconductors and strong demand in the automotive industry. The adjusted profit before interest, taxes, depreciation and amortization of the special project was 174 million euros, again at the same level as the previous year's high level, with a profit margin of 16.4% (previous year: 17%). The profit after tax for continuing operations in the third quarter was EUR 64 million (previous year: EUR 78 million).

The revenue from the LED business (Optoelectronics Division, OS) comes from the strong demand for consumer products (such as components used in smartphone iris scan unlocking) and the strong growth of the general lighting business. The Special Lighting Division (SP) automotive market results are gratifying. Both the LED module business and the stage entertainment lighting business have shown good results. The Lighting Solutions Division, especially in the US, still faces challenges. However, we have taken a number of powerful measures to increase revenue in this area and are gradually making progress. Half a month ago, we reached a settlement at the Traunreut factory and decided to reduce the number of employees while minimizing social impact.

OSRAM is continuing to move towards the autonomous driving market

OSRAM strategically acquired a 25.1% stake in Canadian laser radar company LeddarTech, and its patented lidar technology has been integrated into semiconductor and sensor modules for autonomous vehicles and driver assistance systems. LeddarTech is based on the development of solid-state laser radar (light detection and measurement) systems that use infrared light to monitor the surrounding environment. Its advanced fiber optic sensing technology complements OSRAM's semiconductor products. At this stage, the two companies have cooperated and OSRAM has invested tens of millions of euros in LeddarTech. Stefan Kampmann, Chief Technology Officer of OSRAM Lighting Co., Ltd. said: “Osram is the world's leading supplier of self-driving vehicle sensor lights, and market demand in this area is rising. We believe that investing in LeddarTech is to promote OSRAM as the leading Solution in this field. The necessary measures for the solution provider."

Through partnerships, equity investments and acquisitions, from software and electronics to system solutions, OSRAM has expanded its existing technology base in all areas of its original components and modules. The move will open up new applications and markets for autonomous driving, intelligent lighting control and even Industry 4.0 (Industrial Internet of Things). Osram's recent acquisition of LED Engin, a custom LED supplier in Silicon Valley, and the purchase of a stake in the plant lighting startup Agrilution in Munich highlights this strategy.

FY17 financial forecast

In view of the current business development situation and current market trends this year, OSRAM confirmed its fiscal year 2017 financial forecast. The Board of Directors expects that the current fiscal year's comparable revenue growth will be between 7-9%, and the special project adjusted interest rate depreciation and amortization profit margin will be between 16.5-17.5%. The diluted earnings per share is expected to be between 2.7 and 2.9 euros. The company's goal is to achieve break-even of free cash flow.

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