Revenue distribution by sectors:

• Automotive lighting: approx. 45%
• Opto-semiconductors: approx. 30%
• Digital systems: approx. 25%

TOP 3 markets and their percentage shares:

• Europe: approx. 35%
• North America: approx. 30%
• Asia-Pacific: approx. 25%

OSRAM Licht AG generates the majority of its revenue from automotive lighting, indicating its strong position in the automotive industry. Opto-semiconductors and digital systems are also significant revenue drivers benefiting from the increasing demand for innovative lighting solutions.

Geographically, Europe is the largest market for OSRAM, followed by North America and the Asia-Pacific region. These markets offer great potential for further growth due to their technological advancements and the demand for energy-efficient lighting solutions.

Production sites of OSRAM Licht AG:

1. Germany
2. China
3. USA
4. Malaysia
5. Romania

OSRAM Licht AG operates production facilities in several countries worldwide. In Germany, some of the main production sites focus on high-quality lighting technologies. OSRAM also has significant production capacities in China and the USA to serve the local and international markets. Malaysia and Romania complement the production network with specialized manufacturing plants. This geographical diversification enables OSRAM to efficiently respond to regional market demands and optimize supply chains.

Strategy for Future Growth:

1. Focus on Digitization and Intelligent Lighting Solutions
2. Expansion of the Portfolio in the Field of Optical Semiconductors
3. Strengthening Market Position in the Automotive Sector

OSRAM Licht AG is increasingly focusing on digitization and intelligent lighting solutions to differentiate itself in a competitive market. By investing in research and development, the company aims to create innovative products that meet the requirements of smart city initiatives and the Internet of Things.

Another focus is on expanding the portfolio in the field of optical semiconductors, particularly through the development of LED and laser technologies. These technologies are crucial for applications in the automotive industry, consumer electronics, and industrial manufacturing.

Additionally, OSRAM is strengthening its market position in the automotive sector by entering into partnerships with leading automakers and expanding its presence in emerging markets. This strategy is intended to enable the company to benefit from the increasing electrification and automation in vehicle manufacturing.

Main raw materials: Rare earths, phosphorus, aluminum, glass

Countries of origin:

• Rare earths: China
• Phosphorus: Morocco, China
• Aluminum: Australia, Russia
• Glass: Germany, Poland

OSRAM Licht AG imports a variety of raw materials that are essential for the production of their lighting products. Rare earths, which are needed for the production of fluorescent lamps, mainly come from China, the world's largest supplier of these materials.

Phosphorus, another important component for fluorescent lamps, is sourced mainly from Morocco and China. Aluminum, used in housings and other components, is primarily imported from Australia and Russia, as these countries are major producers of bauxite, the raw material for aluminum.

Glass, used in many OSRAM lighting products, is sourced both locally in Germany and from Poland to keep transport routes short and ensure supply security.

Market share: 8% (estimated, 2025)
Research and development expenditure: 7% of revenue (2024)
EBITDA margin: 12% (2024)

OSRAM Licht AG possesses a moderate competitive advantage, primarily demonstrated through its innovation capabilities and investments in research and development. With an R&D expenditure of 7% of revenue, the company positions itself strongly in the field of technological advancement, particularly in LED and sensor technology.

The estimated 8% market share in the global lighting market indicates that OSRAM operates in a highly fragmented market, intensifying competition. Nevertheless, focusing on specialized and high-quality products, such as smart lighting solutions, allows for some differentiation from competitors.

The 12% EBITDA margin suggests solid operational efficiency, enabling OSRAM to remain profitable in a competitive environment. Long-term, the competitive advantage could be further strengthened through strategic partnerships and entering new markets.

Institutional Investor Share: 60% (estimated, 2025)

Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in OSRAM Licht AG is estimated to be around 60%. This demonstrates the confidence of large investors in the company's long-term strategy.

In 2025, no significant insider buys or sells were reported, which could indicate a stable internal assessment of the company's development. Institutional investors play a crucial role in the stability and growth of the company, while the absence of insider transactions suggests a neutral to positive assessment of the current company situation by management.

Market share of OSRAM Licht AG: Estimated at around 10% (2025)

Main competitors and their market shares:

1. Signify (formerly Philips Lighting): around 15%
2. Acuity Brands: around 12%
3. GE Lighting (part of Savant Systems): around 8%
4. Zumtobel Group: around 7%
5. Cree Lighting (part of IDEAL Industries): around 6%

Economic moat of OSRAM Licht AG:

OSRAM Licht AG has a moderate economic moat, mainly based on its strong brand, technological innovations, and a wide product portfolio. The company has made a name for itself in automotive lighting and specialty lighting, giving it a certain competitive advantage.

However, compared to its competitors, OSRAM faces challenges, especially in the LED technology sector where companies like Signify and Acuity Brands are leading. These competitors have solidified their market positions through strategic acquisitions and a strong presence in high-growth markets.

OSRAM's economic moat is less pronounced than Signify's, which holds a stronger competitive advantage due to its global reach and comprehensive product range. Nevertheless, OSRAM remains a significant player in the lighting sector, particularly due to its innovative capabilities in specialized niche markets.

Revenue Growth: 8% (2024) EBIT Margin: 10% (2024) R&D Expenses: 7% of revenue (2024)

OSRAM Licht AG has recorded solid revenue growth of 8% in recent years, attributed to increased demand for its lighting solutions and successful expansion into new markets. The 10% EBIT margin indicates that the company operates efficiently and is able to manage its costs well.

Another positive aspect is the investment in research and development, accounting for 7% of revenue. This suggests that OSRAM continues to invest in innovations to strengthen its competitiveness and develop new technologies.

Overall, OSRAM Licht AG demonstrates stable financial performance and forward-looking investments, making it a potentially good investment. However, investors should also consider external factors such as market trends and geopolitical developments before making a final decision.

Dividend payment: Yes, OSRAM Licht AG pays a dividend.
Dividend yield: Estimated around 2.5% (2025)

OSRAM Licht AG has regularly distributed dividends to its shareholders in the past. The company's dividend policy is aimed at passing on a portion of the profit to the shareholders, with the payout ratio typically ranging between 30% and 50% of net income.

The reliability of dividend payment depends on the financial stability and future business outlook of the company. OSRAM has demonstrated solid financial performance in recent years, suggesting that dividend payments could remain stable in the future. However, investors should keep an eye on economic conditions and the specific challenges of the industry, as these factors could affect the company's ability to pay dividends at the current level.