Osram Licht Says Cost Cuts, Portfolio Rejig Can Offset Headwinds

The transcript discusses Osram Licht's Q3 earnings, which slightly exceeded consensus despite challenges in general lighting and industry sectors. The company faced profit warnings earlier in the year due to market uncertainties, including auto industry issues and new emission standards. Strategic decisions, such as selling the luminaires business, aim to improve profitability. The company is monitoring trade impacts and order delays, particularly in the auto sector, and has taken cost measures to reassure investors.

What was one of the key strategic decisions made by Osram Licht in the third quarter?

• Selling the luminaires business

• Expanding the automotive business

• Launching a new product line

• Acquiring a new company

What was the impact of the stronger euro on Osram Licht's financials?

• Negative impact on revenue and EBITA

• Increased cash flow

• No impact on financials

• Positive impact on revenue

What were some of the factors that led to Osram Licht's profit warnings earlier in the year?

• Rising raw material costs

• Increased competition in the market

• Uncertainties in the automotive market and new emission standards

• High employee turnover

What was one of the reasons for the revision of Osram Licht's outlook in June?

• Increase in market share

• Postponements of bigger projects

• Introduction of new products

• Decrease in competition

How did the trade conversations impact Osram Licht's business?

• Reduction in production costs

• Stability in order intake

• Increased demand for their products

• Uneven order intake and market uncertainties

What is Osram Licht's position in the automotive industry?

• Tier 1 supplier

• Retailer

• Tier 2 supplier

• OEM

What measures did Osram Licht take to reassure investors about their future?

• Hired more employees

• Increased marketing budget

• Finalized a bargaining agreement to adjust cost structure

• Opened new manufacturing plants