Q3 2024 ams Osram AG Earnings Call Transcript
Key Points
- Q3 group revenues increased by 8% quarter-over-quarter, reaching EUR881 million, driven by the semiconductor business and new product ramps.
- Adjusted EBITDA improved significantly, reaching 19% or EUR166 million, a 23% increase from the previous quarter.
- The company achieved strong free cash flow of EUR188 million, supported by customer prepayments and NREs.
- ams-OSRAM AG (AUKUF) is ahead of schedule in implementing its Re-establish the Base program, realizing EUR85 million in structural run rate savings.
- The company reported significant new design-wins, with a year-to-date lifetime value of EUR3.5 billion, indicating strong customer trust and future growth potential.
- Group revenue decreased slightly by 2% compared to a year ago on a constant currency basis.
- The automotive segment experienced a 7% decline in revenues compared to the previous quarter, reflecting market weakness.
- The Specialty Lamps business for industrial entertainment applications has not yet seen a market recovery.
- Visibility in key markets is worsening, with increased uncertainty about the timing of cyclical recovery.
- The process of selling the 8" factory in Malaysia is delayed due to the semiconductor cycle, affecting potential divestment plans.
Ladies and gentlemen, welcome to the conference call and live webcast on the third-quarter 2024 results. I'm Alice, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions)
The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Juergen Rebel, Head of IR.
Good morning, everyone. This is Juergen speaking. I would like to welcome you to our third quarter 2024 earnings call for investors and analysts. With me are Aldo, our CEO; and Rainer, our CFO. Aldo will now comment on business and strategy.
Rainer, as usual, will comment on financials. After Aldo's and Rainer's comments, we are happy to answer your questions. During the introduction, they will refer to the earnings call presentation that you find on our website. Aldo, please walk us through the key developments during the third quarter.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
