Osram Licht AG (OSRD)

[Enterprising Investor]

Osram Licht sees 2014 financial results improving (9/14/13)

FRANKFURT: German lighting maker Osram Licht expects its financial results to improve next year, partly because of a reduction in restructuring costs, a German newspaper said on Saturday, citing its finance director.

"The results should rise further in 2014. The burdens from restructuring will be reduced to around 100 million euros ($132.59 million) while we expect to make further progress in cost savings," he told Frankfurter Allgemeine Sonntagszeitung.

Source: Reuters