Signify N.V.
LIGHT
ISIN NL0011821392 / Valor 32618429
Signify N.V.
UMushroom community rating:
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: TechnologyLatest Results (14.08.2024):
Revenue
In the first quarter of 2024, Signify N.V. reported sales of EUR 1.5 billion. This represents a nominal sales decline of -12.5% and a comparable sales growth (CSG) decline of -10.1% compared to the same period last year.
Profitability
Signify N.V. achieved an adjusted EBITA margin of 8.3% in Q1 2024, slightly down from 8.9% in Q1 2023. The company also reported a net income of EUR 44 million, an increase from EUR 28 million in the first quarter of the previous year.
Cash Flow
For the first quarter of 2024, Signify N.V. generated a free cash flow of EUR 80 million, up from EUR 51 million in Q1 2023. This improvement is attributed to better working capital management and the positive impact of the company's cost reduction program.
LED Sales
LED-based sales accounted for 87% of Signify N.V.'s total sales in Q1 2024, up from 82% in the same quarter of the previous year. This shift highlights the company's ongoing transition towards more energy-efficient lighting solutions.
Outlook
Looking ahead, Signify N.V. expects an adjusted EBITA margin improvement of up to 50 basis points for the full year 2024. The company also anticipates free cash flow generation of 6-7% of sales, despite an incremental and non-recurring negative impact related to restructuring and pension liabilities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3022 M
Market cap (USD)
285,598
Daily traded volume (Shares)
22.44 / 21.76
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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