On November 7, OSRAM announced its fiscal year 2017 financial report. According to the financial report, in the 2017 financial year, benefiting from the market's continued strong demand for its high-tech products, especially optoelectronic semiconductor products, OSRAM's revenue exceeded 4 billion euros, an increase of 8% over the previous year; operating profit increased by 43 million euros to 6.95 One hundred million euros, the profit rate is 16.8%.
Among them, the photoelectric semiconductor business revenue in FY2017 exceeded 1.6 billion euros, an increase of 18.9%, the adjusted EBITDA was 470 million euros; special lighting revenue was 2.3 billion euros, an increase of 8.3%, and the adjusted EBITDA was 340 million euros. The lighting system solution exceeds 900 million Euros.
In the fourth quarter of strong growth in FY2017 (as of September 30), OSRAM achieved significant revenue and profit growth over the previous fiscal year under the plan of continuing asset investment. In the fourth quarter of FY2017, Osram Group's overall revenue was 1.029 billion euros, an increase of 13.2% year-on-year, adjusted EBITDA was 118 million euros; photoelectric semiconductor business fourth quarter revenue of 429 million euros, an increase of 15.3%, after adjustment EBITDA was €121 million; special lighting revenue was €591 million, up 11.4% year-on-year, adjusted EBITDA was €71 million; lighting system solution was €242 million.
Olaf Berlien, CEO of Osram, said: “In the process of moving towards high-tech companies, we achieved another peak in 2017. Thanks to continuous practice in the field of innovation and continued development of potential markets, OSRAM is currently at In a very favorable strategic position, our revenue performance is on track, indicating a more promising 2018 fiscal year. The proposed dividend of 1.10 euros per share highlights Osram's strong business development momentum and strong financial strength."
Osram said that OSRAM will continue to accelerate the transition to high-tech companies in FY 2018. Optical semiconductor-based products already account for two-thirds of the company's revenue. OSRAM is investing in its locations and technologies on a global scale to lay the foundation for sustainable high profit growth. These expenditures, as well as adverse trends in exchange rates, will also be an important factor that OSRAM will face in the new financial year.
Outlook for the 2018 fiscal year
In FY 2018, OSRAM will continue to build a future-oriented development foundation. Revenue is expected to grow between 5.5% and 7.5%. The adjusted EBITDA and amortization profit of the special project is expected to reach 700 million Euros, which will of course be affected by various factors such as monetary factors, the cost of the Gulin plant to increase production capacity and the continued assets for R&D. Expenditure, these are expected to reach hundreds of millions of euros. The currency exchange rate alone is expected to have a negative impact of 70 million euros. The diluted earnings are expected to be between 2.40 and 2.60 euros per share. We expect free cash flow to be between minus 50 million euros and minus 150 million euros. The Board of Directors is confident in the medium-term development of OSRAM and has set the dividend target for FY 2018 to a minimum of €1.10.
Market classification trend
The growth trend and business capability of OSRAM Opto Semiconductors (OS) remain strong. The cost of production and the exchange rate trend of the Kulim plant will affect the operating profit of FY 2018. Special lighting (SP) will continue to expand due to increased demand for LED applications in the automotive market. The Asian region currently contributes the highest growth rate. However, the business of the Lighting Systems Solutions (LSS) business unit is still not very optimistic. The board has taken action and a new management team is exploring all the possibilities for the luminaire business (LS). The company will release relevant strategic decisions in the new financial year.
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