When the new coach of China takes office, Osram will also "seriously plan" to invest in Shenzhen.
On August 1, 2017, OSRAM announced that Gunnar Eberhardt will serve as President and CEO of OSRAM China. The appointment will take effect on August 1, 2017.
Gunnar Eberhardt has over 15 years of experience in specialty lighting. Gunnar Eberhardt will serve as President and CEO of OSRAM China, further leading the company's corporate management, operations and business development in the Chinese market.
“China is one of the fastest growing countries in the lighting market. I hope to better plan and implement our strategy and lead us into a new chapter.†Gunnar Eberhardt said, “Our team has laid the foundation for business development. We will further strengthen our ability to grasp the opportunities ahead and further enhance the value of the products we provide to the market and our customers."
Prior to this position, Gunnar Eberhardt served as CEO of OSRAM Specialty Lighting in OSRAM Asia Pacific. Prior to that, Gunnar Eberhardt was a senior director and regional head of the specialty lighting division, responsible for operations in Latin America, the Middle East and Africa.
Gunnar Eberhardt joined Osram in 2002. During his subsequent career, he held various positions in the company's business and marketing departments and continued to be promoted.
Gunnar Eberhardt holds a master's degree in industrial engineering from the University of Technology & Business in Kempten, Germany, and a master's degree in innovative technology and management from the University of Vorarlberg.
At the same time as the new coach of China took office, Osram’s performance also showed signs of continued growth this year.
Osram continued to grow in the third quarter of fiscal 2017. Calculated in a comparable manner (affected by portfolio and monetary factors), the third quarter grew by more than 3%. In addition, due to the peak revenue of 47 million euros in the last year, the revenue from April to June 2017 increased by more than 8% to 1.06 billion euros.
This growth is due to the continued high demand for optoelectronic semiconductors and strong demand in the automotive industry. The adjusted profit before interest, taxes, depreciation and amortization of the special project was 174 million euros, again at the same level as the previous year's high level, with a profit margin of 16.4% (previous year: 17%). The profit after tax for continuing operations in the third quarter was EUR 64 million (previous year: EUR 78 million).
The revenue from the LED business (Optoelectronics Division, OS) comes from the strong demand for consumer products (such as components used in smartphone iris scan unlocking) and the strong growth of the general lighting business. The Special Lighting Division (SP) automotive market results are gratifying. Both the LED module business and the stage entertainment lighting business have shown good results. The Lighting Solutions Division, especially in the US, still faces challenges.
In view of the current business development situation and current market trends this year, OSRAM confirmed its fiscal year 2017 financial forecast. The Board of Directors expects that the current fiscal year's comparable revenue growth will be between 7-9%, and the special project adjusted interest rate depreciation and amortization profit margin will be between 16.5-17.5%. The diluted earnings per share is expected to be between 2.7 and 2.9 euros. The company's goal is to achieve break-even of free cash flow.
China is one of the largest markets in the world, both in general lighting and in the automotive lighting market.
On July 17, Deputy Director of Shenzhen Investment Promotion Agency Jia Changsheng met with Frank Hohn, Global Vice President of Osram Group of Germany. The two sides conducted in-depth discussions on further promoting the cooperation between OSRAM and Shenzhen.
During the discussion, Director Jia introduced the economic and social development of Shenzhen and the investment environment. He welcomed Osram to put more R&D and business into Shenzhen. Frank Hohn spoke highly of Shenzhen's development achievements and good development prospects, and said that it will seriously plan for deep investment and cooperation.
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