EQS-Adhoc

ams-OSRAM AG: ams OSRAM delivers solid results in demanding supply chain and more volatile market environment with second quarter revenues and operating profitability (adj.) fully in line ...

EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Quarterly / Interim Statement/Half Year Results ams-OSRAM AG: ams OSRAM delivers solid results in demanding supply chain and more volatile market environment with second quarter revenues and operating profitability (adj.) fully in line ... 29-Jul-2022 / 07:00 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange ------------------------------ ams OSRAM delivers solid results in demanding supply chain and more volatile market environment with second quarter revenues and operating profitability (adj.) fully in line with expectations

• Second quarter revenues of EUR 1.18 billion and adjusted EBIT margin of 8.8% fully match with expectation range
• Nearing completion of portfolio re-alignment with disposals of Digital Systems Europe/Asia and architectural lighting business announced and closing of disposal of automotive lighting systems business, on track to complete remaining planned disposal
• Robust customer engagement for future capabilities from 8” advanced LED and microLED manufacturing investment
• Planned retirement of approx. EUR 350 million of gross debt in the third quarter
• Third quarter expected revenues of EUR 1,150-1,250 million (EUR 1,190-1,290 million on a comparable portfolio basis) and expected adjusted EBIT margin of 6-9% reflect an expected solid revenue development in an increasingly unfavorable end market and macro-economic environment impacting group production volumes and industry inventory levels

Premstaetten, Austria and Munich, Germany (29 July 2022) -- ams OSRAM (SIX: AMS), a global leader in optical solutions, reports second quarter and first half group financial results. “Our business showed a solid performance in the second quarter where we delivered results fully in line with our previous guidance. We see supply chain and end market imbalances being enhanced by increasingly unfavorable macro-economic trends. Nevertheless, our automotive and industrial & medical businesses offered solid results in the quarter while our consumer business contributed attractively to group results,” said Alexander Everke, CEO of ams OSRAM, commenting on the second quarter.