Financial Overview and Niche Market Leadership
GP strongly improved sequentially, adjusted OPEX slightly reduced
All figures in EURm / % of revenues
59
Gross profit, gross margin (adj.)1)
R&D expenses (adj.)1)
29%
29%
28%
12%
12%
11%
348
237
+11%-
SG&A expenses (adj.)1)
11%
11%
10%
140
--9%*
+5%*
122
263
105
96
95
7
100
-
Q3 2022
Q2 2023
Q3 2023
Strong sequential improvement driven
by favorable product mix and improved
loading q-o-q
Continued to be impacted by meaningful
underutilization effects in manufacturing
-
Q3 2022
Q2 2023
Q3 2023
Q3 2022
Q2 2023
Q3 2023
Decrease in adj. operating expenses on absolute basis over last quarters
R&D development reflects ongoing stream-lining and efficiency programs;
vast majority of R&D in semi segment; Q3 R&D expenses in semi segment
reduced by first tranche of IPCEI funding, partially a one time catch-up effect
SG&A shows clear year-on-year base-line reduction; Q2 had favorable one-
time effects; efforts to improve will continue
1) Excluding M&A-related, transformation and share-based compensation costs as well as results from investments in associates and sale of businesses
amu OSRAMView entire presentation