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AMS — ams-OSRAM AG News Story

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Swiss shares in ams Osram plunge 15% on Q4 guidance

** Swiss-listed shares in ams Osram AMS.S drop around 15% to their lowest since June after the Austrian sensor maker announced lower than expected Q4 guidance, despite its Q3 results coming in line with expectations

** The company expects Q4 revenues of 790-890 million euros and an adj. EBITDA margin between 16-19%

** "The mid-point of the Q4 sales guidance is 5% lower than anticipated and the margin guidance implies an adj. EBITDA mid-point 15% below market expectations," says Vontobel analyst Mark Diethelm

** The sales outlook "signaled basically no recovery in end demand," Veysel Taze from Metzler says

** Up to Monday's close the stock was up 66% YTD

(Reporting by Maria Rugamer)

((Maria.Rugamer@thomsonreuters.com))

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