AMS’s results beat both guidance and expectations for Q4, along with a sharp profitability improvement and for Q1 20 guidance. Cash generation was strong in Q4, as well as in FY19, driving leverage meaningfully down. Regarding OSRAM, AMS intends to complete the transaction in Q2 20, and the company announced its intention to enter into a domination agreement, which in our view will limit the positive reaction of the Q4 publication.
11 Feb 2020
Q4 19: outstanding Q4 results and strong FY19 cash generation
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Q4 19: outstanding Q4 results and strong FY19 cash generation
ams-OSRAM AG (0QWC:LON) | 0 0 (-2.9%) | Mkt Cap: 9,345m
- Published:
11 Feb 2020 -
Author:
Hugo Paternoster -
Pages:
3
AMS’s results beat both guidance and expectations for Q4, along with a sharp profitability improvement and for Q1 20 guidance. Cash generation was strong in Q4, as well as in FY19, driving leverage meaningfully down. Regarding OSRAM, AMS intends to complete the transaction in Q2 20, and the company announced its intention to enter into a domination agreement, which in our view will limit the positive reaction of the Q4 publication.