Tough Market Environment Affected Business, Says Osram Licht CFO

The transcript discusses the company's challenges in the automotive and lighting markets, with a significant revenue decline due to weak performance in China. The company is implementing cost-saving measures and remains focused on its long-term strategy in optical semiconductors and digital applications. Concerns about the trade war and its impact on supply chains are highlighted. Talks with partners Carlisle and Bain are ongoing, with no certainty of a deal. The company is also diversifying into horticultural lighting, though automotive remains a major revenue source. There is no backup plan if partnership talks fail, as the company continues its strategic implementation.

What are the potential impacts of increased tariffs on the business?

What is the company's long-term strategy regarding diversification?