Osram’s Prospects Dim as Automotive Lighting Tariffs Guide the Way — Panjiva


Osram’s Prospects Dim as Automotive Lighting Tariffs Guide the Way

China 2154 Cons. Discr. - Autos 779 European Union 506 Tariffs 1483 U.S. 3915

Automotive lighting manufacturing Osram has cut its EBITDA guidance by 11% citing “restrictions on trade”. As was the case with Daimler that’s just one of several reasons cited and comes after a 54% slide in its shares in the past year. The company faces two threats, the most immediate being America’s section 301 duties on Chinese exports including arc lights and LEDs. The latter accounted for 83% of its exports from China to the U.S. in the past year. The second is the broader U.S. section 232 review of the automotive industry. There’s already been a 47% decline in its U.S. seaborne imp...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2020 S&P Global. All Rights Reserved.