Osram Announces Profit Warning and Lowers Its 2019 Forecast - Energy Watch News


Osram Announces Profit Warning and Lowers Its 2019 Forecast

On its way of transforming to a high-tech photonic company, Osram has been challenged by the weakening global market. The German company adjusted its annual forecast for fiscal year 2019 which ends by September 30, 2019. Osram said the revenue of fiscal 2019 is expected to decline between 11 and 14 percent while the previous forecast was a revenue growth between 0 and 3 percent. The company also lowered is the range of its adjusted EBITDA margin to eight and ten percent from 12 to 14 percent. In addition, Osram expects a negative free cash flow between US$ 56.15 million to 168.45 million in comparison with the positive mid-double-digit million range as it anticipated previously. https://www.ledinside.com/news/2019/3/osram_announces_profit_warning_and_lowers_2019_forecast

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