Osram: Carve-out of General Lighting Business and Share Buyback Both on Track
Following the carve-out of the lamps business, Osram will be based on three strategic pillars: Specialty Lighting (SP); luminaires, solutions, and electronic components (Lighting Solutions & Systems, LSS); LED components (Opto Semiconductors, OS); “With our three-pillar strategy, we have a solid foundation upon which to position ourselves even more strongly as a technology company,” said Olaf Berlien.
Given Osram’s strong financial standing, the company is proposing a dividend of €0.90 per share at Tuesday’s AGM. In parallel, Osram has in the meantime also started a share buyback program of up to €500 million. “Osram is financially strong and lets its shareholders benefit from its success,” Chief Financial Officer Klaus Patzak said at the AGM. “At the same time, we retain the capacity to invest for the future.”
This year’s Osram AGM is taking place at the International Congress Center in Munich. With still more than half a million shareholders at the end of fiscal 2015, the company’s ownership structure remained broadly based. As of September 30, about 68 percent of the shares were held by institutional investors. Retail investors held about 14 percent of the company’s shares.