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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

33.27EUR
4:35pm GMT
Change (% chg)

€-1.15 (-3.34%)
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€34.42
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Thu, Jun 28 2018

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Osram slashes guidance as autos customers push back orders

FRANKFURT Automakers are holding off buying LED lights amid uncertainty over a looming trade war between the United States and China and new car testing standards, German lighting group Osram said, slashing its profit guidance a second time in two months.

UPDATE 1-Osram slashes guidance as autos customers push back orders

* Shares drop 22 percent to 3.5-year low (Adds CFO, CEO comments, share price, details)

Osram says carmakers pushing back, not cancelling orders

FRANKFURT Some of Osram's automotive customers have pushed back but not cancelled their orders amid uncertainty over trade restrictions and a change in lab test standards, the lighting group's finance chief said on Thursday.

Osram says carmakers pushing back, not cancelling orders

FRANKFURT, June 28 Some of Osram's automotive customers have pushed back but not cancelled their orders amid uncertainty over trade restrictions and a change in lab test standards, the lighting group's finance chief said on Thursday.

Osram slashes guidance on auto sector uncertainty, project delays

FRANKFURT, June 28 German lighting group Osram slashed its full-year guidance a second time on Thursday, citing uncertainty among its automotive clients and delays to some projects, and said it would accelerate cost-cutting efforts.

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