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OSRAM Adjusts FY18 Forecast On Market Slowdown, Project Postponements

Markets2018-06-28
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OSRAM Licht AG (OSAGF.PK) announced its Managing Board now expects a comparable revenue increase of 1.0 - 3.0 percent (previously: 3.0-5.0 percent) and adjusted EBITDA of approximately 570 million-600 million euros (previously: approximately 640 million euros) for fiscal 2018. The new projection for earnings per share is 1.00-1.20 euros (previously: 1.90-2.10 euros). Negative free cash flow is now expected to be in the range of 150 million to 200 million euros (previously: negative free cash flow of 50 million to 150 million euros).

Source: RTTNews

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