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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

58.07EUR
21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Osram to cut up to 290 jobs in Lighting Solutions unit
Tuesday, 4 Apr 2017 08:55am EDT 

Osram Licht AG : Says is planning a reduction of 250-290 jobs in its Lighting Solutions (LS) business unit over next two years . Says these measures affect Siteco site in Traunreut, Germany, in particular . Says in order to future-proof Traunreut site, targeted investments to modernise production are also planned, among other measures Further company coverage: [OSRn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Osram says CEO Berlien's contract extended by 5 yrs
Tuesday, 14 Feb 2017 03:02am EST 

Osram : Says CEO Olaf Berlien's contract extended by 5 yrs as of January 1, 2018 Further company coverage: [OSRn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Osram Licht acquires lighting services provider Maneri-Agraz
Monday, 6 Feb 2017 09:00am EST 

Osram Licht AG : Acquires lighting services provider Maneri-Agraz . Maneri-Agraz will be part of Osram's service division Sylvania Lighting Solutions (SLS) .Maneri-Agraz has annual revenue in the low double-digit millions (based on U.S. dollars).  Full Article

Siemens CEO guides against further large digital buys
Wednesday, 1 Feb 2017 08:32am EST 

Siemens AG : CEO says shouldn't expect further huge acquisitions in digitisation . CEO says making good progress regarding synergies at Dresser-Rand and Rolls-Royce unit . CEO says sees 10 billion eur in revenue from digital business by 2020 . CFO says Osram stake is not strategic, all options are open Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Osram CFO still expects to complete Ledvance sale this year
Wednesday, 9 Nov 2016 01:55am EST 

Osram Licht AG CFO : Says sees healthy growth of all remaining segments in current year . Says there's nothing concrete to report about Chinese interest in company . Says still expects to complete Ledvance sale in current fiscal year Further company coverage: [OSRn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Osram Licht acquires minority stake in Dutch company Tvilight
Friday, 4 Nov 2016 05:37am EDT 

Osram Licht AG : Osram is acquiring a minority stake in Dutch software specialist Tvilight .Will hold 47.5 percent of company, which offers sensor technology and smart light management software for smart city solutions, among other things.  Full Article

Osram Licht signs led license agreements with Japan-based multi-national company
Monday, 31 Oct 2016 06:30am EDT 

Osram Licht AG :Signs led license agreements with Japan-based multi-national company.  Full Article

Osram confirms acquisition of U.S. LED module maker Novita
Thursday, 21 Jul 2016 10:00am EDT 

Osram Licht AG : Confirms acquisition of u.s. Led module maker novita technologies, no financial details Further company coverage: [OSRn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Osram Licht confirms raised outlook for FY 2016
Tuesday, 26 Apr 2016 08:00pm EDT 

Osram Licht AG:Confirms raised outlook for FY 2016.For fiscal 2016, the managing board expects revenue on a comparable basis to be above the prior-year level.FY 2016 EBITA margin, excluding special items, is anticipated to reach more than 10 pct.  Full Article

Osram Licht AG : change in CFO position initiated
Tuesday, 19 Apr 2016 05:30am EDT 

Osram Licht AG:Appointed Stefan Kampmann as member of the managing board and Chief Technology Officer with effect from July 1.Decided, for reasons of differing views regarding the strategic direction of company and in best mutual agreement with Klaus Patzak, to launch a structured process to find successor for position of Chief Financial Officer.Until the supervisory board has decided on a successor Patzak will continue to serve as Chief Financial Officer.  Full Article

More From Around the Web

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Osram eyes acquisitions of up to $530 million: CFO in paper

BERLIN German lighting company Osram is on the lookout for acquisitions worth up to 500 million euros ($530 million), although there are no specific plans for a deal as yet, its finance chief told a German newspaper.