Osram warns that 2019 revenue will tumble

Osram issued a financial warning.In what has become a familiar occurrence over the last year, the world’s second-largest lighting company this time said that revenue for the fiscal year 2019 ending Sept. 30 will decline by between 11% and 14%, and that adjusted EBITDA margin for the year will fall well below the previously anticipated range, between 8% and 10% rather than between 12% and 14%.