ams OSRAM Q3 2024: Solid Revenues and Strategic Expansion

Ams Ag ( (AUKUF) ) has released its Q3 earnings. Here is a breakdown of the information Ams Ag presented to its investors.

ams OSRAM, a global leader in intelligent sensors and emitters, operates within the semiconductor industry, providing innovative solutions for automotive, industrial, medical, and consumer markets. In its latest earnings report, ams OSRAM reported solid revenues of EUR 881 million for the third quarter of 2024, with an adjusted EBITDA margin of 19%. The company highlighted a significant improvement in free cash flow to EUR 188 million, supported by robust operational performance and strategic customer prepayments. A key feature of the report was the expansion of its strategic savings program, ‘Re-establish the Base,’ aiming for additional EUR 75 million run-rate savings by 2026. The report revealed the company’s strong cash position at EUR 1.1 billion and ongoing design-win momentum, with a lifetime value of EUR 3.5 billion year-to-date. Furthermore, the semiconductor business showed resilience with flat year-over-year revenues, despite a challenging market environment. Looking ahead, ams OSRAM expects a slight seasonal slowdown in revenues for the fourth quarter of 2024, with anticipated revenues between EUR 810 million and EUR 910 million, and an adjusted EBITDA margin of 15% to 18%. The company remains optimistic about its core-semiconductor portfolio’s growth prospects into 2025, notwithstanding a weak start anticipated in the first quarter.