OSRAM: Latest quarterly financial report released, plans to divest digital lighting system business

- Adjusted EBITDA margin for optoelectronic semiconductor business exceeds 31%

- Plans to find potential acquirers for the electronics and power supply business segment (DS, Digital Lighting Systems)

- Announces strategic investment in UVC LED company

Following a significant upward revision of its full-year performance guidance at the end of January, OSRAM officially released its Q1 2021 financial report (October to December 2020). The data shows that OSRAM achieved revenue of €840 million in the first quarter. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin reached 19.3%, amounting to €162 million, representing a substantial 42% increase on a comparable basis. At the same time, the company generated a positive free cash flow of €50 million, reflecting a strong business growth trend.

OSRAMstated that profitability trends across all business segments are continuously improving, with the optoelectronic semiconductor segment performing particularly well, achieving a record high for adjusted EBITDA (earnings before interest, taxes, depreciation and amortization).

Olaf Berlien, CEO of OSRAM, stated: "Over the past year, OSRAM has implemented effective management measures to counter external crises, enabling us to develop逆势 despite the challenges posed by the COVID-19 pandemic. Our impressive achievements in the automotive business and optoelectronic semiconductor business serve as excellent proof. More notably, our production facility in Kulim, Malaysia, has provided strong support to meet market demand. Over the past three years, the Kulim production base has become a key pillar for OSRAM's optoelectronic semiconductors."

OSRAM Automotive Business (AM), Optoelectronic Semiconductor Business (OS), Digital Business (DI). All three business divisions achieved strong market performance in the first quarter of the new fiscal year. Even during the COVID-19 pandemic, OSRAM's leading market position in the field of automotive retrofitting and replaceable lighting equipment continued to strengthen.

三个业务部门在新财年第一季度都取得了良好的市场表现。即使在新冠疫情期间，欧司朗在汽车改装与可更换照明设备领域的市场领先地位仍在持续加强。在第一季度，汽车业务（AM）实现销售额4.74亿欧元，在可比基础上略有增长，调整后的EBITDA利润率较上年大幅增长，达到6,500万欧元。

Performance in the first quarter was particularly outstanding, with sales growing by nearly 5% to €356 million, and an adjusted EBITDA margin exceeding 31%, setting a new record high. These figures highlight the critical importance of focusing R&D and application efforts on high-end technology in both the automotive and general lighting sectors, as well as the significance of expanding production capacity in Kulim, Malaysia, and Regensburg, Germany, for future sustainable development.

The previously implemented performance improvement plan has yielded further results. Despite the impact of the pandemic, sales in the first quarter declined, but the adjusted EBITDA margin increased by €6 million quarter-on-quarter compared to the fourth quarter of the previous fiscal year, resulting in positive free cash flow.

It is worth noting that OSRAM stated that over the past several months, the company has carefully evaluated various possibilities for the future development of its digital business. As OSRAM continues to focus on high-tech transformation in the field of optoelectronics, the company has decided to seek a potential acquirer for the electronics and power supply business segment under the digital business (DS, Digital Lighting Systems). As a leading technology supplier in the market, this business segment will have greater development space in its professional field in the future.

(The above figures are preliminary and unaudited. Figures are in millions of euros; profit margins are shown as percentages; number of employees as of December 31, 2020; values in parentheses indicate negative amounts.)

(1 Excluding portfolio and currency effects)

(2 Adjusted for special items, such as transformation costs, significant legal and regulatory matters, and expenses related to corporate acquisitions.)

(The above are preliminary, unaudited figures. Figures are in 'million euros'. Parentheses indicate negative values.)

(1 Excluding portfolio and currency effects)

(2 Adjusted for special items, such as transformation costs, significant legal and regulatory matters, and expenses related to corporate acquisitions.)