0801 GMT - Ams-Osram's results are better than expected and its full-year guidance has been largely confirmed, but the major positive in the update is a plan to reduce debt faster, Barclays analysts Simon Coles and Rohan Bahl say in a note. The European electronics company said it is considering options for assets with the aim of generating more than 500 million euros in sales proceeds. The move would also bring annual interest costs below 100 million euros, Ams said. "We see this as a major positive if it can be delivered," Barclays says. Investors will likely focus on whether the company can execute on the plan going forward, the analysts say. Shares jump 11%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 04:01 ET (08:01 GMT)
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