OSRAM Licht AG announced unaudited earnings results for the fourth quarter and full year ended September 30, 2017. For the quarter, the company reported revenue of EUR 1,029 million compared to EUR 909 million a year ago. EBITDA was EUR 118 million compared to EUR 125 million a year ago. Adjusted EBITDA was EUR 160 million compared to EUR 131 million a year ago. Profit after tax was EUR 40 million compared to EUR 44 million a year ago. Free cash outflow was EUR 28 million compared to free cash inflow of EUR 30 million a year ago.

For the year, the company reported revenue of EUR 4,128 million compared to EUR 3,785 million a year ago. EBITDA was EUR 621 million compared to EUR 621 million a year ago. Adjusted EBITDA was EUR 695 million compared to EUR 652 million a year ago. Profit after tax was EUR 275 million compared to EUR 532 million a year ago. Free cash flow was EUR 99 million compared to EUR 24 million a year ago.

In fiscal year 2018, the company will continue to build on its foundations for the future. Revenue is expected to increase by between 5.5% and 7.5%. The EBITDA adjusted for special items is likely to be around EUR 700 million and will be influenced by factors such as currency effects, ramp up costs for Kulim and increased capital expenditure on research and development which in total sums up to a three digit million Euro amount. The currency effects alone have a negative impact of roughly EUR 70 million. Diluted earnings per share are expected to be between EUR 2.40 and EUR 2.60. The company is expecting a free cash outflow between EUR 50 million and EUR 150 million.