ams OSRAM : Solid Q3 2024 results but Q4 guidance well below expectations and towards an even weaker Q1 2025, disappointing midterm targets
>Q3 2024 results above expectations on profitability - This morning, ams-OSRAM reported Q3 2024 results which were above expectations. Revenues were € 881m, in line with the consensus at € 880m (guidance € 830-930m). They were up 8% q-o-q and down 3% y-o-y. Adjusted gross margin was 29.7%, close to the consensus at 30%. Adjusted EBITDA was € 166m, i.e. an EBITDA margin of 18.8%, slightly above the consensus at € 164m and 18.6% (guidance at 17-20%). Adjusted EBIT was €...AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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