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Austrian sensor manufacturer ams OSRAM projected first-quarter revenue below or on par with last year's figures due to subdued demand for automotive semiconductors. Nonetheless, the company anticipated a rebound in the second half of 2025.

The company’s shares listed in Switzerland surged 17% by 1009 GMT, leading the gains on the Swiss mid-cap index. Both Jefferies and Vontobel analysts viewed the quarterly forecast as more positive than expected by the market.

ams OSRAM indicated that uncertainties and inventory adjustments in the automotive supply chain persisted in the first quarter. However, there were favorable signals in industrial and medical markets, suggesting a potential turnaround in the cycle.

The company foresees a significantly stronger second half, mainly driven by product launches and to some extent, market stabilization, leading to enhanced profitability with a moderate revenue increase.

In the first quarter of 2025, the company anticipates revenue of 750 million to 850 million euros ($773 million to $876 million), compared to 847 million euros in the same period last year. Analysts surveyed by Vara had expected 782.5 million euros.

CEO Aldo Kamper mentioned during a conference call that the company currently did not observe a substantial impact from tariffs on its costs. However, potential repercussions could arise if global car production or smartphone sales decrease due to trade tensions.

The company did not provide specific sales or earnings forecasts for the remaining year, following the trend of other semiconductor firms in the automotive sector.

STMicroelectronics, one of Europe's largest chipmakers, also refrained from offering guidance for 2025 at this point, citing inventory adjustments and delayed orders by customers.

($1 = 0.9704 euros)