According to Reuters, the German lighting manufacturer Osram said that thanks to the sales growth of car lights and LEDs, the company's operating profit increased by 23% in the first quarter of fiscal 2015.
At the recent annual general meeting of shareholders, Osram has launched a number of heavy plans.
The company will invest in important new control technologies and plan to pay dividends, and will enjoy more favorable debt financing. In addition, company CEO Olaf Berlienn also announced plans to complete a special LED-based solid-state lighting (SSL) project - the Deutsches Museum in Munich, to welcome the International Year of Light.
Berlien said at the annual general meeting: "We will promote new technologies and innovations through the use of selective incentives and investments. I have decided to increase the budget of the board of directors by 10 million euros (about 70 million yuan) for projects such as Lightify. dedicated."
Lightify is OSRAM's solid state lighting control platform that includes retrofit lamps, luminaires and dedicated control products. The company launched the product at the 2014 Frankfurt show, and earlier this year at the Consumer Electronics Show a series of Lightify products.
OSRAM also announced that it has optimized its debt structure based on improved financial strength and financing. The company has expanded its €9.5 billion revolving credit line, more favorable terms, expanded options and an additional two years until 2020, while the company has received €200 million ($2236 million) in loans from the European Investment Bank.
Osram’s Chief Financial Officer Klaus Patzak said: “The agreement emphasizes that our creditors are confident in the performance of OSRAM, and we have obtained financial security and flexibility. In the next few years, regardless of the capital market situation, we Can be used selectively."
At the recent annual general meeting of shareholders, Osram has launched a number of heavy plans.
The company will invest in important new control technologies and plan to pay dividends, and will enjoy more favorable debt financing. In addition, company CEO Olaf Berlienn also announced plans to complete a special LED-based solid-state lighting (SSL) project - the Deutsches Museum in Munich, to welcome the International Year of Light.
Berlien said at the annual general meeting: "We will promote new technologies and innovations through the use of selective incentives and investments. I have decided to increase the budget of the board of directors by 10 million euros (about 70 million yuan) for projects such as Lightify. dedicated."
Lightify is OSRAM's solid state lighting control platform that includes retrofit lamps, luminaires and dedicated control products. The company launched the product at the 2014 Frankfurt show, and earlier this year at the Consumer Electronics Show a series of Lightify products.
OSRAM also announced that it has optimized its debt structure based on improved financial strength and financing. The company has expanded its €9.5 billion revolving credit line, more favorable terms, expanded options and an additional two years until 2020, while the company has received €200 million ($2236 million) in loans from the European Investment Bank.
Osram’s Chief Financial Officer Klaus Patzak said: “The agreement emphasizes that our creditors are confident in the performance of OSRAM, and we have obtained financial security and flexibility. In the next few years, regardless of the capital market situation, we Can be used selectively."
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