This growth was driven by sustained levels of high demand for opto semiconductors and continued strong demand from the automotive sector. In nominal terms, revenue grew by nearly 12%. Even with ongoing investments into new products and growth initiatives, EBITDA adjusted for special items remained solid at €183 (prior year: €182) million, translating into a strong profit margin of 17.4% (prior year: 19.3%). In view of the performance of the business in the first half of the current fiscal year and its current market outlook, Osram raised the business outlook for the fiscal year 2017 as a whole.
“We nearly doubled our growth rate in the second quarter. We saw the strongest growth materialize in our high-tech businesses Opto Semiconductors and Specialty Lighting, which are currently benefiting from the momentum in attractive growth markets. Our strategy is working and Osram is on track to achieve its ambitious targets for 2020, successfully addressing an ever-changing market,” said Olaf Berlien, CEO of OSRAM Licht AG.