"Turnaround in progress"

ams-Osram reports loss of 785 million euros

The ams-Osram plant in Kulim (Malaysia)(Bild: Osram)

The Styrian-Bavarian chip and sensor manufacturer ams-Osram posted a negative net result of 785 million euros in 2024, compared to minus 1.613 billion euros in the previous year. Turnover also fell by 5 percent to 3.428 billion euros. Adjusted gross profit also fell by 5 percent and ended up at 984 million euros.

Net debt rose by eight percent to 1.413 billion euros. The operating cash flow fell by 12 percent to 435 million euros. The company stated in a press release on Tuesday that it had achieved a positive free cash flow and cost savings above plan in 2024. Furthermore, sales in the fourth quarter were better than forecast. 

In the fourth quarter of 2024, turnover fell by three percent year-on-year to EUR 882 million. The net loss was reduced by 29 percent to minus EUR 58 million.

Over 100 million euros saved
The company has achieved savings of EUR 110 million in running costs, it was emphasized. "Our turnaround is in full swing. The focus on the core portfolio in our semiconductor business is proving to be correct. This core semiconductor business has grown by around seven percent compared to 2023," said CEO Aldo Kamper.

ams-Osram generated a positive free cash flow in 2024 and expects a margin improvement and a positive free cash flow of more than EUR 100 million in 2025, even if the markets remain volatile.