OSRAM Licht AG Raises Adjusted EBITA Margin Outlook for 2015

OSRAM Licht AG recorded a continued positive operative earnings development in the second quarter of fiscal 2015. The adjusted EBITA of €151 million for the second quarter of fiscal 2015 was positively impacted by favorable currency relations. This results in an adjusted EBITA margin of 10.8%. The Management Board therefore expects an adjusted EBITA margin of above 9.0% for fiscal 2015.
 
In nominal terms, preliminary revenue in the second quarter of fiscal 2015 increased by 9.5% compared to the prior year period to €1.399 billion. On a comparable basis (adjusted for portfolio- and currency exchange effects), revenue was down slightly by 1.5% compared to the prior year period. On a reported basis, the EBITA was €125 million.