ams-OSRAM has published poor results. The Q2 guidance had already been a disappointment but, due to the tough environment, ams-OSRAM has not managed to achieve it. Sales were less affected than profitability and Auto and Consumer volumes continue to be abnormally low. On the bright side, the bulk of the portfolio streamlining has been done and ams-OSRAM plans on disposing only one minor business.
29 Jul 2022
Q2-22: low expectations but still disappointing
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Q2-22: low expectations but still disappointing
ams-OSRAM has published poor results. The Q2 guidance had already been a disappointment but, due to the tough environment, ams-OSRAM has not managed to achieve it. Sales were less affected than profitability and Auto and Consumer volumes continue to be abnormally low. On the bright side, the bulk of the portfolio streamlining has been done and ams-OSRAM plans on disposing only one minor business.