Brief: Ams-OSRAM AG Says It Expects Around Eur 30 To 50 Million Lower Adjusted EBIT For FY 2024

ams-OSRAM AG

28/02/2024 20:28

Feb 28 (Reuters) - Ams Osram Ag  AMS.VI :
    * EQS-ADHOC: AMS-OSRAM AG: TO RE-ASSESS ITS MICROLED
STRATEGY, TO
RECORD NON-CASH IMPAIRMENT CHARGES, TO ADJUST ITS MID-TERM
STRUCTURAL REVENUE GROWTH TARGET TO 6% TO 8%, AND TO IMPROVE
CASH FLOW PROFILE
    * COMPANY EXPECTS AROUND EUR 30 TO 50 MILLION LOWER ADJUSTED
EBIT
FOR FY2024
    * EXPECTS TO RECORD NON-CASH IMPAIRMENT CHARGES ON MICROLED
RELATED ASSETS AND GOODWILL OF EUR 600 TO 900 MILLION IN Q1 OF
2024

Source text for Eikon:  ID:nEQ8KZsjfa 
Further company coverage:  AMS.VI 

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