OSRAM Reports Strong Start to the Fiscal Year

OSRAM is raising its financial outlook after a strong Q1 2021 performance. OSRAM’s success is due to the recovery of the automotive industry, their successful semiconductor business, and the ability to meet demand. Their Opto Semiconductor business posted an adjusted EBITDA margin of over 31%, a record setting performance. Most business sectors are experiencing improved performances with the exception of cinema and entertainment lighting due to the current weak state of the entertainment industry. The company as a whole experienced an improvement in free cash flow and adjusted EBITDA margin compared to Q1 2020, with similar strong performances expected in future quarters.

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Click here to read the earnings release.

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