Sensor maker AMS targets revenues of 10 bln euros until 2026 : Source

VIENNA: Sensor specialist AMS AG , which just closed the takeover of German lighting group Osram, targets 2026 revenues of more than 10 billion euros ($11 billion) for the combined entity, an internal company presentation seen by Reuters shows.

AMS posted revenues of 1.89 billion euros and Osram of 3.59 billion euros in 2019. This year’s combined revenue is expected to decrease by 12% to 4.8 billion euros, according to the presentation.

The revenue target, which includes takeovers, was presented at an AMS meeting last week, a source familiar with the matter told Reuters.