Successful Turnaround and Cash Generation
The company successfully turned around its financial performance, generating a positive free cash flow of EUR 12 million in 2024 from a negative EUR 332 million the previous year.
Reestablished Base Program Exceeds Targets
The reestablished base strategic efficiency program exceeded its fiscal year '24 targets with implemented run rate savings of EUR 110 million, well ahead of the EUR 75 million target.
Strong Performance in Traditional Halogen Lamp Business
Revenues from the halogen lamp business were up 18% quarter-over-quarter, driving a 35% increase in adjusted EBITDA.
Positive Momentum in New Business Wins
Close to EUR 5 billion in new business design wins were secured, with significant wins in automotive and professional lighting.
Technology Leadership Recognized
The company won the German Future Award for its advancements in automotive lighting technology.