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AMS OSRAM forecasts flat to lower Q1 revenue due to weak auto semiconductor demand, yet shares surge 17%.
AMS OSRAM, an Austrian sensor company, predicts its first-quarter revenue will be similar to or lower than last year's due to weak demand for automotive semiconductors.
Despite current challenges in the automotive supply chain, the company is optimistic about a recovery in the second half of the year.
Shares rose by 17%, outpacing the Swiss mid-cap index, as analysts saw the forecast as better than expected.
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AMS OSRAM prevé que los ingresos del Q1 sean más bajos debido a la débil demanda de semiconductores automotores, pero las acciones aumentan un 17%.