The US Supreme Court rejected emergency economic tariffs, triggering $166 billion in refunds for global importers including Austrian firms.

Investing.com -- ams OSRAM stock gained 4% after announcing the sale of its Entertainment & Industry Lamps business to Japan’s Ushio for €114 million, marking the first divestment in the company’s deleveraging strategy. The transaction, expected to close in the first quarter of 2026, represents the initial step in ams OSRAM’s previously announced plan to generate over €500 million in total proceeds from business divestitures. The Entertainment & Industry Lamps unit generated approximately €170 million in revenue in 2024. This sale aligns with management’s efforts to strengthen the company’s balance sheet and improve profitability. The company is pursuing additional asset sales, including its Kulim fabrication facility, as part of its broader financial restructuring initiative. Jefferies analysts commented: "While the starting point is weak especially on the balance sheet, the expected inflow of over €500m from the sale of businesses, the additional sale of the Kulim fab and on-going improvements in the profitability and cash flows of the business are expected to help deleverage the balance sheet and improve confidence. We expect the stock to further re-rate on the back of this deleveraging, and the on-going upcycle in industrial and automotive semis." This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is AMS one of them?

Investing.com -- ams OSRAM said on Wednesday it has successfully placed €500 million in 2029 senior notes while reporting preliminary second-quarter results that met expectations. The company posted preliminary Q2 revenues of €775 million, aligned with analyst forecasts. Its adjusted EBITDA margin reached 18.8%, while free cash flow was slightly negative at €-14 million, though showing sequential improvement from the previous quarter. For the third quarter, ams OSRAM provided revenue guidance in the range of €790-890 million, with the midpoint falling below analyst expectations of €890 million. However, the company projected an adjusted EBITDA margin of 19.5% (plus or minus 150 basis points), exceeding analyst forecasts of 18.6%. The company reaffirmed its full-year 2025 outlook, anticipating improved profitability and free cash flow exceeding €100 million. This positive cash flow projection is attributed to improved earnings, lower capital expenditures (less than 8% of sales), and reduced net working capital. Approximately €350 million from the note placement will be used to pre-finance OSRAM minority put option bulk exercises, taking advantage of favorable market conditions. A court decision regarding this matter is expected in the coming months. The company will also allocate funds to buy back €150 million in 2027 convertible bonds. ams OSRAM indicated it expects a stronger second half of the year, primarily due to product ramp-ups and seasonality, while noting that market normalization remains subject to potential impacts on global car production, smartphone sales, or other GDP effects following announcements of elevated tariffs in the US. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.