ams OSRAM’s Q2 2024 results show solid performance with revenues of EUR 819 million and an adjusted EBITDA margin of 16.5%, reaching the upper end of their forecast range. The company anticipates Q3 revenues between EUR 830 and 930 million, with an adjusted EBITDA margin of 17% to 20%. The improved profitability and lower capital expenditures are expected to significantly boost free cash flow in the second half of 2024. The company’s strategic “Re-establish-the-Base” program has already realized approximately EUR 60 million in savings, supporting their financial stability and growth.
The company continues to gain momentum in long-term growth with around EUR 2.5 billion in new design-wins recorded in the first half of 2024. Despite some sector-specific challenges, such as weakened demand in certain markets, the robust performance in automotive semiconductors and the ramp-up of new products are driving positive outlooks. Improved cash flow and strategic cost-saving initiatives are setting a strong foundation for future success.
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