FRANKFURT May 17 Osram, the lighting business
to be spun off by Siemens, expects to approach
break-even in its current financial year as it revamps its
Revenues will remain flat at about 5.4 billion euros ($7
billion) in the 12 months through September, Osram said in a
presentation published on Siemens' website on Friday as part of
the light bulb maker's Capital Markets Day.
Osram, the world's No. 2 player in the lighting industry
after Philips, is in the midst of restructuring, having
been slow to adjust to a shift in demand from traditional light
bulbs to light-emitting diodes (LEDs).
Last year, it posted a net loss of 378 million euros.
($1 = 0.7742 euros)
(Reporting by Maria Sheahan)