Ams Osram Ag Unsp/Adr (AMSSY) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Ams-osram Ag.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.675 We welcome you to today's call on the second quarter results. 00:00:03.675 -- 00:00:07.399 Aldo, our CEO, will comment on business and strategy. 00:00:07.399 -- 00:00:12.444 Rainer, CFO, will focus on financials. We're referring during the call to the 00:00:12.444 -- 00:00:17.629 earnings call presentation that you find on our website, but there is also a full comprehensive 00:00:17.629 -- 00:00:20.572 presentation with further details. 00:00:20.572 -- 00:00:24.116 Aldo, please walk us through the latest results. 00:00:24.116 -- 00:00:26.538 Thank you, Juergen, and good morning, everybody. 00:00:26.538 -- 00:00:30.085 Another solid quarter. Probability is improving. 00:00:30.085 -- 00:00:35.414 Re-establish the base savings have already reached the 2025 year-end target. 00:00:35.414 -- 00:00:38.799 Our value sheet leveraging is progressing as planned. 00:00:38.799 -- 00:00:43.827 And all this against the backdrop of high macroeconomic uncertainties, despite 00:00:43.827 -- 00:00:47.674 some promising signs in auto and industrial markets. 00:00:47.674 -- 00:00:51.820 We're on slide three, looking at the financial performance of the group. 00:00:51.820 -- 00:00:57.524 Revenues came in at €775 million, exactly at the midpoint of the guidance. 00:00:57.524 -- 00:01:01.630 We saw a single-digit percentage improvement in our semiconductor business. 00:01:01.630 -- 00:01:06.056 In the automotive lamps aftermarket business, we had a pretty steep inventory correction 00:01:06.056 -- 00:01:10.082 at our US retailers on top of normal seasonal decline. 00:01:10.082 -- 00:01:16.270 And the weaker US dollar costs about 35 million euro top line compared to Q2. 00:01:16.270 -- 00:01:20.716 Year-over-year revenues are down 5%. This is due to the cy...