XM does not provide services to residents of the United States of America.

AMS Osram rises after restructuring plans for microLED project unit

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-AMS Osram rises after restructuring plans for microLED project unit</title></head><body>

** Shares in AMS Osram AMS.S jump around 6% as the Austrian sensor maker plans to restructure its microLED project unit in Malaysia and Germany, after posting Q1 results

** The exit from microLED technology will cost the company 700 million euros ($750.96 million), at the lower end of the previously indicated range of 600 to 900 million euro

** "The impairment from the micro-LED cancellation is lower and exit will improve adj. EBIT significantly due to lower costs," Vontobel says

** AMS said as well that it is seeking transfer of the eight-inch silicon wafers factory in Kulim, Malaysia, to a new lessee with high priority, which it expects will cut its long-term debt by around 400 million euros

** The movesare expected to positively impact cash flow and adj. EBIT by around 100 million euros in 2025, compared to the continuation of the project, Jefferies says

** Up to the previous session's close, shares were down 50%​ YTD

($1 = 0.9321 euros)

Reporting by Ozan Ergenay and Nathan Vifflin


Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.