ams-OSRAM AG (AMSSY) Q3 2024 Earnings Conference Call Transcript

ams-OSRAM AG (OTCPK:AMSSY) Q3 2024 Earnings Conference Call November 7, 2024 4:00 AM ET

Company Participants

Juergen Rebel – Head of IR
Aldo Kamper – CEO
Rainer Irle – CFO

Conference Call Participants

Harry Blaiklock – UBS
Sebastien Sztabowicz – Kepler Cheuvreux
Janardan Menon – Jefferies
Didier Scemama – Bank of America
Robert Sanders – Deutsche Bank
Jurgen Wagner – Stifel
Sandeep Deshpande – JPMorgan

Operator

Ladies and gentlemen, welcome to the conference call and live webcast on the Third Quarter 2024 results. I’m Alice, the Chorus Call operator. I’d like to remind that all participants are in a listen-only mode. And the conference is being recorded. The presentation will be followed by Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it’s my pleasure to hand over to Juergen Rebel, Head of IR.

Juergen Rebel

Good morning, everyone. This is Juergen speaking. I would like to welcome you to our third quarter 2024 earnings call for investors and analysts. With me are Aldo, our CEO; and Rainer, our CFO. Aldo will now comment on business and strategy. Rainer, as usual, will comment on financials. After Aldo’s and Rainer’s comments, we are happy to answer your questions. During the introduction, they will refer to the earnings call presentation that you find on our website.

Aldo, please walk us through the key developments during the third quarter.

Aldo Kamper

Thank you, Juergen, and also good morning from my side to everybody. The last couple of weeks saw a lot of negative news from the automotive industry and many other industrial sectors. Against the backdrop of this, we are actually happy with the solid business performance in the third quarter that we can show. Many did not believe us when we indicated that our strong Q3 guidance already includes some

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