Ams OSRAM Reports EUR 881 Million in Q3 Revenues with Strategic Savings Program Expansion

ams OSRAM announced robust financial outcomes for Q3 2024 with revenues at EUR 881 million and an adjusted EBITDA margin of 19%. This performance is supported by the company's ongoing "Re-establish the Base" strategic savings program, which has been expanded to achieve an additional EUR 75 million in run-rate savings by the end of 2026. This extension aims at countering continued market uncertainties, particularly in the automotive sector.

Financial highlights include a Q3 free cash flow of EUR 188 million, improved by operational efficiency and customer prepayments. The semiconductor segment contributed significantly with revenues of EUR 647 million, stable year-over-year, showing resilience despite a challenging environment. The company's design-win momentum remains strong, adding EUR 1 billion in future business, signaling continued customer engagement.

ams OSRAM anticipates Q4 revenues to range from EUR 810 to 910 million, highlighting seasonal demand fluctuations. The company also projects core-semiconductor business growth between 6% to 10% annually by 2027.