ams subsidiary plans to sell electronics and ballast business, also to reduce debt.
The ailing German lighting company Osram, a subsidiary of the Styrian ams AG, benefited from its well-performing semiconductor division in its first quarter of business. In addition, crisis measures have taken effect. In addition to semiconductors, automotive products in particular were in high demand, the MDax group announced on Tuesday when the final figures were presented in Munich.
The Opto Semiconductors division achieved a record in the past quarter with its highest adjusted margin to date based on earnings before interest, taxes, depreciation and amortization (EBITDA). The preliminary figures and the revised annual forecast from the end of January have been confirmed.
The ams subsidiary is now planning to sell its electronics and ballast business, thereby repositioning the Digital (DI) division. That is why a new owner is being sought for the electronics and ballast segment, which is part of the DI division, it said. The planned sale of the Digital Services division is part of the strategy to focus on high-margin business activities, the company announced on Tuesday.
Osram generated sales of 178 million euros with electronics and ballasts in the first quarter, which corresponds to a good fifth of total sales. According to insiders, Asian competitors are the main buyers. The sensor specialist and Osram majority owner ams made it clear early on that it has no strategic interest in the digital sector and with the sale also wants to reduce the 4 billion euro mountain of debt that the company took on with the Osram takeover.