Osram is increasingly focusing on digitalization trends. During the Annual General Meeting, CEO Olaf Berlien outlined to shareholders the promising path the long-established company will take over the coming years.
 
“Digitalization is opening up huge opportunities, which we are seizing successfully. We have excellent technologies and a clear strategy to guide us,” Berlien said at the AGM. “With our clear mission, we will lead Osram successfully into the future. We are tapping the almost endless possibilities of light – and we are enhancing people’s lives.”
 
This new path has proven successful over the past year. With revenue growth of 8% to €4.1 billion, Osram achieved an excellent operating profit (adjusted EBITDA) of almost €700 million.
 
At the same time, Osram is increasing its capital expenditure, in particular in the development and manufacture of high-tech products. “We are absolutely convinced of the long-term future success of the company,” Berlien said.
 
“Our operational performance is fully intact, and demand for our LED products remains strong. That is why we are investing in the expansion of our factories,” Bank said.