Recently, the overseas outbreak emergency caused concern. The outbreak has spread around the world, with the number of infections soaring in Europe and the United States. In the face of sudden changes, osram, xinnuofei, vireco, etc. have lowered the performance expectations, adjust product prices, emergency production to cope with the pressure.

Osram withdraws guidance for fy2020
On March 18, osram issued a statement on the outbreak and withdrew its guidance for fiscal year 2020, according to the report. Osram said the company did not expect to meet its current fy2020 target due to the pandemic. Given the unprecedented operational and financial challenges posed by the spread of the outbreak, and the uncertain trajectory of the coming weeks, it is not possible to determine or quantify fully the economic impact of the outbreak on the company.
In this case, the outbreak of a pandemic and global response measures, especially the osram production are on the increase in the number of customers and the global supply chain disruptions, expect the world economy, especially for the global car industry have a significant impact, thus will inevitably affect the osram's photoelectric semiconductor and automotive business (according to osram in fiscal year 2019, the car business accounts for more than 50% of group revenues).
Osram says ensuring the health and safety of its employees is the company's top priority. In addition, the company is preparing other comprehensive measures. Among them, osram is considering short-time work in badly affected areas and temporarily closing some production facilities.
The company's management has been monitoring the situation comprehensively and taking further steps as necessary. Last month, osram reported revenue for the first quarter of its fiscal year 2020 (October 2019 to December 2019), up 0.5% to 873 million euros. Adjusted EBITDA margins were 13 per cent, up nearly two percentage points on a comparable basis. The semiconductor business was particularly strong, with margins recovering significantly and adjusted EBITDA up about 22 per cent in a year to €114m.
Separately, on March 9th OSRAM announced that it would shut down Lightl for the next 18 months.

Recently, the overseas outbreak emergency caused concern. The outbreak has spread around the world, with the number of infections soaring in Europe and the United States. In the face of sudden changes, osram, xinnuofei, vireco, etc. have lowered the performance expectations, adjust product prices, emergency production to cope with the pressure.

Osram withdraws guidance for fy2020
On March 18, osram issued a statement on the outbreak and withdrew its guidance for fiscal year 2020, according to the report. Osram said the company did not expect to meet its current fy2020 target due to the pandemic. Given the unprecedented operational and financial challenges posed by the spread of the outbreak, and the uncertain trajectory of the coming weeks, it is not possible to determine or quantify fully the economic impact of the outbreak on the company.
In this case, the outbreak of a pandemic and global response measures, especially the osram production are on the increase in the number of customers and the global supply chain disruptions, expect the world economy, especially for the global car industry have a significant impact, thus will inevitably affect the osram's photoelectric semiconductor and automotive business (according to osram in fiscal year 2019, the car business accounts for more than 50% of group revenues).
Osram says ensuring the health and safety of its employees is the company's top priority. In addition, the company is preparing other comprehensive measures. Among them, osram is considering short-time work in badly affected areas and temporarily closing some production facilities.
The company's management has been monitoring the situation comprehensively and taking further steps as necessary. Last month, osram reported revenue for the first quarter of its fiscal year 2020 (October 2019 to December 2019), up 0.5% to 873 million euros. Adjusted EBITDA margins were 13 per cent, up nearly two percentage points on a comparable basis. The semiconductor business was particularly strong, with margins recovering significantly and adjusted EBITDA up about 22 per cent in a year to €114m.
Separately, on March 9th OSRAM announced that it would shut down Lightl for the next 18 months.