Osram Licht AG (OSRn.DE)
21 Sep 2018
FRANKFURT, July 3 The following are some of the factors that may move German stocks on Tuesday:
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.
* Shares drop 22 percent to 3.5-year low (Adds CFO, CEO comments, share price, details)
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.
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.
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.
* SAYS TO FOCUS ON SEMICONDUCTOR-BASED HIGH-TECH PRODUCTS, BUYS 3D IDENTIFICATION SPECIALIST VIXAR
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.
* Shares drop 11 percent (Recasts, adds share price, analyst comments)
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.