FRANKFURT May 3 German lighting group Osram
wants to finish restructuring its LSS
lighting-services unit before considering further options for
the business, its chief executive told analysts on Wednesday.
"I think we create more value if we lead the turnaround and
then we are thinking about the strategic options," Olaf Berlien
said when asked on a call whether Osram was the right owner for
LSS has a target to reach 8 percent profitability but may
only achieve breakeven next year instead of this fiscal year to
end-September as planned, due to weakness in the United States,
executives said earlier.
(Reporting by Georgina Prodhan; Editing by Edward Taylor)