Signify N.V.

LIGHT

Equity

ISIN NL0011821392 / Valor 32618429

Euronext - Euronext Amsterdam (2025-04-08)

EUR 17.93+2.69%

Signify N.V.
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About company

Signify N.V. stands as a global leader in the lighting industry, offering a comprehensive range of products, systems, and services tailored for both professional customers and consumers. The company's portfolio extends beyond traditional lighting solutions to include connected lighting offerings, which integrate illumination with data collection capabilities. This innovative approach allows for the enhancement of devices, places, and people's interactions with light, pushing the boundaries of its utility and application. Signify's contributions are evident across various settings, improving the ambiance of public spaces, workplaces, and homes. By focusing on delivering a superior quality of light, Signify aims to make environments safer, more comfortable, and energy-efficient, thereby supporting the creation of more productive, livable, and sustainable communities and businesses.

Summarized from source with an LLMView SourceSector: Technology

Revenue and Sales

In the third quarter of 2024, Signify N.V. reported sales of EUR 1.537 billion. This represents a nominal sales decline of 6.8% and a comparable sales growth (CSG) decline of 5.2%. Notably, LED-based sales accounted for 90% of the total sales, up from 85% in the same quarter of the previous year.

Profitability and Earnings

Signify N.V. achieved an adjusted EBITA margin of 10.5% in Q3 2024, slightly down from 10.7% in Q3 2023. The company reported a net income of EUR 108 million, an increase from EUR 83 million in the third quarter of the previous year, demonstrating resilience in its bottom-line performance.

Cash Flow

For the third quarter of 2024, Signify N.V. generated a free cash flow of EUR 119 million. This is a decrease compared to the EUR 152 million free cash flow reported in Q3 2023, reflecting the company's ongoing focus on cash conversion despite market challenges.

Outlook

Signify N.V. maintains its guidance for the full year 2024, expecting an adjusted EBITA margin at the lower end of the 10.0-10.5% range and free cash flow generation of 6-7% of sales. The company is focused on its performance for the fourth quarter, aiming to sustain its financial targets.

Sustainability and Strategic Focus

Signify N.V. continues to invest in connected and specialty lighting, which now represent approximately 30% of its business. The company is on track with its Brighter Lives, Better World 2025 sustainability program, aiming to double its positive impact on the environment and society, including reducing emissions and increasing circular revenues.

Summarized from source with an LLMView Source

Key figures

-37.1%1Y

-53.1%3Y

5.78%5Y

Performance

33.0%1Y

33.7%3Y

36.2%5Y

Volatility