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First Quarter Report 2021 Key figures USD millions ( except earnings per share ) Revenues ¹ ) Gross margin in % ( adjusted - see footnote 2 ) Result from operations ( adjusted - see footnote 2 ) EBIT margin in % ( adjusted - see footnote 2 ) Net result ( adjusted - see footnote 2 ) Basic / diluted earnings per share in CHF 3 ) ( adjusted - see footnote 2 ) Basic / diluted earnings per share in USD ( adjusted - see footnote 2 ) Net debt Q1 2021 1,549 35 % 172 11 % 89 0.34 / 0.34 0.38 / 0.38 2,023 amu OSRAM Q1 2020 549 39 % 111 20 % 28 0.29 / 0.40 0.33 / 0.46 2,062 Q4 2020 1,706 35 % 285 17 % 183 0.55 / 0.43 0.62 / 0.48 1,701 1 ) Including revenues from discontinued operations 2 ) Excluding M & A - related , transformation and share - based compensation costs and results from sale of business units and equity investments Earnings per share in CHF were converted using the average currency exchange rate for the respective periods 3 )