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Mr. Bank, the running forecast of predecessor Mr.
Klaus Patzak for the past business year has been much
too pessimistic.
This is very important for me. But precision is not
everything. We want to explain to the capital market
also relatively simply and clearly, in which direction the
corporation is moving, where the chances and risks are.
Positive surprises, however, are often good for the
share price.
Deviations should be avoided as much as possible to
the up- and downside. Because they are indicating that
something in the corporation is not fully understood.
We have started to think more in scenarios.
For the objectives 2020 and with your slogan 5-1-5,
however, you don’t mention margins.
For this we are already have margins: 5 to 5.5 billion
Euro sales, 0.9 to 1.0 billion Euro Ebitda and 5 Euro
earnings per share. But 5-1-5 is more handy in the
communication.
Why have you moved the timing, at which OSRAM
is producing a business forecast, from summer to
autumn?
With several planning parts we can start later in the year:
For the volatile part of our business it makes sense, in
order to sufficiently define up to date assumptions. So,
we de-couple this from that part which can be planned
in a simpler way and over a longer term. At the end, the
Supervisory Board with a presentation of the budget still
has the possibility to adapt the forecast.
What else are you doing differently from you
predecessor, who in the meantime works for the
Bilfinger Group?
He has left for me a good finance organization. I have
focused the team now on accompanying the planning, in
order to steer the corporation towards the 5-1-5-targets
for 2020.
What do you mean with “accompany”?
The FinanceDepartment together with theManagement
OURRELATIONSHIPWITHSIEMENS
ISVERYGOOD
AT THE MOMENT
THE CFO OF OSRAM SAYS, WHY IT HAS BECOME SIMPLER TO EXPLAIN THE STRATEGY AND WHAT HE IS
CHANGING IN THE MUNICH GROUP FOR LIGHT-TECHNOLOGY
Interview with Mr. INGO BANK, CFO of OSRAM AG Member of GEFIU, the Association fo Chief Financial Officers Germany,
fromBörsen-Zeitung, Frankfurt amMain, Germany, April 14/15, 2017, article provided by GEFIU, the German IAFEI Member
Institute.
GERMANY
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