AMS OSRAM delivered a strong performance in Q4, surpassing revenue and adjusted EBIT expectations. Q4 revenues reached EUR 908 million, exceeding the midpoint of the guided range, with an adjusted EBIT margin of 6.9%, or EUR 62 million, also above the midpoint. The company continues its turnaround plan, focusing on structural growth, particularly in automotive markets. Despite challenges in industrial and medical sectors, AMS OSRAM remains confident in executing its plans for 2024. The company’s ‘Re-establish-the-Base’ efficiency program aims to make it more focused, leaner, and efficient, driven by innovation and sustainable partnerships. Key highlights include strong design-win traction, a comprehensive financing plan completed ahead of schedule, and expectations of positive free cash flow in 2024.
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