The following is a summary of the Ams-OSRAM AG (AMSSY) Q2 2024 Earnings Call Transcript:
Financial Performance:
Q2 group revenues were €890 million, a slight decrease from Q1 due to seasonal declines primarily in the Lamps and Systems segment.
Year-over-year revenue slightly decreased by 3% on a like-for-like and constant currency basis.
Adjusted EBITDA rose to €135 million, a 9% increase from Q1, supported by improvements in factory loading and structural savings; adjusted EBIT margin stood at 6.8%, a substantial improvement from 5.2% in Q1.
Business Progress:
The semiconductor business reported an 8% quarter-over-quarter revenue increase driven by automotive and industrial applications.
Significant progress in product innovation, particularly in automotive semiconductors with a 6% year-over-year growth.
Secured over €2.5 billion in lifetime design wins, indicating strong future revenue potential.
Opportunities:
Expanded automotive semiconductor capabilities with design wins in forward lighting solutions, totaling over €100 million in expected lifetime revenue.
Introduced high-precision temperature and position sensing products, securing €50 million in design wins.
Increased focus on differentiated technology for sensor interfaces in the industrial space and ambient light sensing in consumer electronics.
Risks:
Incremental revenue from automotive products may weaken further due to globally reduced car production forecasts.
Inventory corrections in industrial and medical markets are expected to continue affecting sales adversely.
More details: AMS-OSRAM AG UNSPN ADR EACH REP 0.50 ORD SHS IR
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