Edition:
United Kingdom

Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

48.65EUR
4:35pm BST
Change (% chg)

€0.65 (+1.35%)
Prev Close
€48.00
Open
€48.00
Day's High
€50.28
Day's Low
€47.63
Volume
1,398,138
Avg. Vol
437,331
52-wk High
€79.58
52-wk Low
€47.63

Select another date:

Wed, Apr 25 2018

Osram shares drop after "muted" first half prompts warning

FRANKFURT Shares in German lighting group Osram dropped to a 15-month low on Wednesday after the group cut its 2018 core profit guidance due to "muted" business in the first half of the year and a weak dollar versus the euro.

UPDATE 1-Osram shares drop after "muted" first half prompts warning

* Shares drop 11 percent (Recasts, adds share price, analyst comments)

Osram cuts profit guidance on weaker U.S. dollar, slow business

FRANKFURT, April 24 German lighting group Osram stepped up cutbacks and slashed its guidance for adjusted core profit and earnings per share in fiscal 2018, citing a weak dollar and slower business development.

BRIEF-Osram Licht And Continental Sign Joint Venture Contract

* JOINT VENTURE INVOLVING AROUND 1,500 EMPLOYEES SCHEDULED TO START IN THE SECOND HALF OF 2018

UPDATE 1-Osram warns of threat to guidance from weaker U.S. dollar

* Q1 adj EBITDA falls less than expected (Recasts with CFO comment on guidance, sales figures)

UPDATE 1-Osram shares turn positive as market looks beyond 2018

* Shares turn positive after dropping more than 4 pct (Updates shares, adds CEO, analyst comments, background on Kulim plant)

BRIEF-Osram considers partnership, acquisitions, exit for LSS

* CEO says not happy with LSS lighting business, will consider all options to improve it

Osram targets further profit, sales growth in 2018

BERLIN/FRANKFURT German lighting maker Osram expects further growth in profit and sales next year after posting 2017 results on Monday that matched expectations as it sold more automotive chips.

UPDATE 1-Osram targets further profit, sales growth in 2018

* Agrees JV terms with Continental (Adds company comment, detail and background)

UPDATE 2-Continental, Osram to launch car lighting joint venture

* Starts with 1,500 staff in 17 locations worldwide (Adds confirmation from both firms, detail and Continental comment)

Select another date: