The Styrian-Bavarian Chip and sensor manufacturer AMS-OSRAM had a negative net result of 785 million euros in 2024, after minus 1,613 billion euros a year earlier. Turnover also admitted 5 percent to 3,428 billion euros. The adapted gross result also fell by 5 percent and landed at 984 million euros.
The net debt rose by eight percent to EUR 1,413 billion. The surgical cash flow received 12 percent to EUR 435 million. The company said on Tuesday in a broadcast that in 2024 they had a positive free cash flow and cost savings about the plan. Moreover, a better turnover was achieved in the fourth quarter.
In the fourth quarter of 2024, sales fell by three percent to EUR 882 million a year. The net loss was reduced by 29 percent to minus 58 million euros.
Saved more than 100 million euros
The company has emphasized the saving of operating costs of EUR 110 million. “Our turnaround is in full swing. The concentration on the core portfolio in our semiconductor activities appears to be correct. This semiconductor company has grown by 2023 by around seven percent, “said company boss Aldo Kamper.
AMS-Osram generated a positive free cash flow in 2024 and expected margin improvement for 2025, as well as a positive free cash flow of more than 100 million euros, even if the markets would remain volatile.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
