ams OSRAM have just published their 2024 Q4 and whole-year revenue figures.
Q4-24 revenues stayed essentially flat at €882m quarter-over-quarter, above the midpoint of the anticipated range of €810m to €910m. Strong seasonal auto lamps aftermarket sales and steady para-automotive business countervailed continued weakness in industrial and medical applications and the start of the seasonal decline in semiconductor products for consumer handheld devices. The stronger US Dollar also helped. Year-over-year, group revenues declined by 3 per cent due to cyclical weakness in the automotive and I&M semiconductor businesses, and some end-of-life of OEM modules business in Lamps & Systems.
Whole-year revenue of €3.43bn in FY24 was down somewhat from €3.59bn in FY23, due to a decline in the Lamps & Systems segment after divesting their Digital Systems business in 2023 and discontinuing some OEM module business.
For Q1-25, the company expect muted demand for their automotive semiconductor products, reflecting the persisting uncertainties and corrections in the global automotive supply chain. The demand from industrial and medical markets also remains muted, although first small signals might indicate that the weakness has reached its bottom. The business with its semiconductor products for consumer handheld devices will go into its typical strong seasonal decline. Looking at the L&S segment, the automotive aftermarket halogen lamps business will come in slightly lower, in accord with its typical, seasonal demand pattern. As a result, the group expect Q1-25 revenues to land in a range of €750m to €850m.
Zooming out to an overview outlook for FY25, the company expect a meaningfully stronger second half mainly due to product ramps and, to some extent, market normalization.
