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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

38.32EUR
4:35pm BST
Change (% chg)

€-0.89 (-2.27%)
Prev Close
€39.21
Open
€39.69
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€39.94
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€38.07
Volume
1,121,348
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€79.58
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€31.54

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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.

BRIEF-Osram buys 3D identification specialist Vixar

* SAYS TO FOCUS ON SEMICONDUCTOR-BASED HIGH-TECH PRODUCTS, BUYS 3D IDENTIFICATION SPECIALIST VIXAR

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

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