amsosram ags shares plunged on wednesday after the company lowered its midterm targets due to a macroeconomic environment affected by cost inflation and a less favorable outlook for endmarkets the swisslisted optical solutions company now targets revenue of eur47 billion 464 billion and adjusted earnings before interest and taxes margin of 13 for fullyear 2024 it had previously targeted revenue of eur49 billion plus or minus eur300 million and an adjusted ebit margin of 15 or better in the fourth quarter of the current year amsosram said it expects revenue of between eur115 billion and eur125 billion and an adjusted ebit margin of 69 flat quarteronquarter in a challenging environment causing lower production volumes and industry inventory adjustments