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OSRAM GmbH Marcel-Breuer-Str. 6 80807 München, Germany http://www.osram.de
Contact Ms Juliana Baron +49 89 62134259
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OSRAM GmbH

OSRAM adjusts its annual forecast due to a weak market

(PresseBox) (Munich, )
The Managing Board of OSRAM Licht AG has decided today to lower its forecast for fiscal year 2019 (continued operations). Amongst the reasons are the continued market weakness in the automotive industry, in general lighting and in mobile devices. This has led to significant inventory build ups, particularly in China. In addition, business development is facing an ongoing impact by the general economic slowdown. Geopolitical uncertainties continue to negatively impact demand. OSRAM previously had put its guidance under the condition that order intake would need to revive meaningfully in support of the second half of the fiscal year 2019. At rfhz xgbqs jl bptc btdk x twkpbxmqjgw vls paz moftzzfc, xzn zl sa tbeqphul xuw wup qhce gf drt iodagj imlc.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.