Sales of its traditional lighting products are in decline, while LED products are growing, and now make up a third of the company’s sales.
The increase over the last three months is mainly due to good performance in the semiconductor and speciality lighting segments. The semiconductor segment reported a revenue increase of 14 per cent on a comparable basis, and is due to open a new assembly plant in China at the end of May.
The speciality lighting segment, which includes car lights and optics, had a revenue increase of 11 per cent.
Osram’s traditional lamps and components segment continued to decline and was down two per cent, while LED-based products now make up 34 per cent of overall turnover. Going forward, LED products will be separated from the traditional lamps and components unit, making up a new segment within the company.
Osram’s financial report says that the company is ‘planning further measures to improve structures and processes [including] the general illumination sales organisation as well as setting up a global shared service organisation, among other things.’
Wolfgang Dehen, CEO of Osram, said: ‘in the recent quarter, we did well in a challenging environment. In light of the decline of the traditional general illumination business, our revenue target has become more challenging.’
