The semiconductor business, in particular, showed a significant recovery in margins. Ad-justed EBITDA climbed by more than 22% to €114 million within a year.
“The performance programs initiated at an early stage had a lasting effect in the first quarter,” said Olaf Berlien, CEO of OSRAM Licht AG.
Revenue in the business segment Opto Semiconductors was roughly stable and amounted to €359 million. The operating margin in the first quarter was in line with earlier figures. The segment achieved an adjusted EBITDA margin of 24.5%, compared with 19.5% in the prior-year quarter.
In the segment Digital, revenues climbed by more than 2% to €217 million within a one-year period. In the Automotive segment, the economic situation remains uncertain. Revenue increased comparatively by 0.7% to €480 million. Adjusted EBITDA was at the previous year's level of €47 million.