Osram's revenue for the full year of 2024 was 25.728 billion yuan.

On February 11, Osram announced its Q4 and full-year results for fiscal year 2024.

In 2024, Osram achieved revenue of €3.428 billion (approximately RMB25.728 billion), a year-on-year decrease of 5%; adjusted EBITDA was €575 million, a year-on-year decrease of 5%; and adjusted EBITDA was 16.8%, or €332 million.

The full-year performance of each division is as follows: Optoelectronic Semiconductors (OS) division had full-year revenue of approximately €1.448 billion; CMOS Sensors and ASICs (CSA) division had revenue of approximately €981 million; and Lighting and Systems (L&S) division had revenue of approximately €1 billion.

ams Osram stated that in 2024, the company was fully committed to its business transformation, focusing on its core semiconductor business, which grew by approximately 7% year-over-year, primarily driven by strong growth in new mobile device sensor products and stable performance in its automotive business. The company's 'Rebuild the Foundation' (RtB) strategy achieved better-than-expected cost savings, and the company has set even higher targets.

In Q4 of 2024, ams Osram's revenue and profitability both exceeded the median of the forecast range. Specifically, during the Q4 reporting period, ams Osram achieved revenue of €882 million (approximately...).

ams Osram stated that during the Q4 reporting period, both revenue and profitability exceeded the median of the forecast range, primarily due to the peak sales season in the automotive lighting aftermarket and stable semiconductor automotive business, which offset the impact of sluggish industrial and medical applications and the off-season demand for semiconductor products in mobile applications. Additionally, the strong US dollar also contributed to the company's performance meeting the median forecast.

During the reporting period, the Optoelectronic Semiconductor (OS) segment generated revenue of €350 million, a decrease of €31 million compared to the previous quarter, with an adjusted EBITDA margin of 14.6%; the CMOS Sensors and ASICs (CSA) segment generated revenue of €258 million, a slight decrease compared to the previous quarter, with adjusted EBITDA increasing to €5 million.

The Lighting and Systems (L&S) division reported revenue of €275 million, up 18% quarter-on-quarter but down 3% year-on-year; adjusted EBITDA was €50 million.

In the Lighting and Systems (L&S) business, strong demand in the automotive lighting aftermarket during Q4 drove growth in related automotive lighting products. Additionally, the OEM business of the L&S division progressed as expected. On the other hand, demand for specialty lighting such as industrial and professional entertainment lighting declined, and some inventory adjustments continued, but related revenue improved slightly compared to the previous quarter.

Looking ahead to Q1 2025, ams Osram expects continued growth in demand for its automotive semiconductor business; demand remains despite a downturn in the industrial and medical markets; and in the lighting and systems sector, the automotive aftermarket halogen lamp business will see a slight decline. Therefore, the company projects Q1 revenue to be between €750 million and €850 million; the adjusted EBITDA margin is 16% (+/- 1.5%). (Text: Irving)

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