July 27, 2018 / 5:32 AM / 24 days ago

Dutch lighting maker Signify cuts 2018 sales outlook

AMSTERDAM, July 27 (Reuters) - Signify, the Dutch lighting maker formerly known as Philips Lighting, cut its sales outlook for this year on Friday, saying market conditions remained challenging after a slow start to the year.

“The company expects its comparable sales growth in the second half to improve compared with the first half, however, the improvement is not expected to be sufficient to deliver positive comparable sales growth for the full year,” the world’s largest lighting maker said at the presentation of its second-quarter results. (Reporting by Bart Meijer; Editing by Subhranshu Sahu)

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