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Signify Reports Q1 Sales, Net Profit In Line With Consensus
Signify FY Adjusted EBITA Up At 695 Million Euros
Signify Proposes Extraordinary Dividend Of EUR 1.35 Per Share
Signify NV, formerly Philips Lighting NV, is a company based in the Netherlands that provides lamps and lighting solutions. Its product portfolio includes, among others, incandescent lamps, halogen lamps, fluorescent lamps, linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), high-intensity discharge lamps (HID) and light-emitting diodes (LED), as well as electronic components, such as electronic ballasts and drivers. The Company also provides integrated and customized lighting systems. Its service portfolio includes light management and value-added services, such as energy audits, light design and engineering, as well as remote monitoring and managed services. The Company operates through four segments: The Lamps segments comprises conventional lamps and lamp electronics; the LED segment focuses on LED lamps; the Professional segment includes lighting systems and services for professional consumers, and the Home segment covers consumer luminaries and home systems.
Furniture & Fixtures
High Tech Campus 48
Arthur Petrus Maria van der Poel
Independent Chairman of the Supervisory Board
Eric Henri Edouard Rondolat
Chief Executive Officer, Chairman of the Board of Management
Gerard van de Aast
Independent Vice Chairman of the Supervisory Board
Francisco Javier Van Engelen Sousa
Chief Financial Officer, Member of the Management Board
Maria Letizia Mariani
Member of the Management Board, Chief Marketing and Strategy Officer
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Signify, the world's largest lighting maker, said it would continue to suffer supply-chain disruptions into the second quarter including fallout from the Suez Canal blockage, prolonging shortages of semiconductor and other components.
Signify, the world's largest lighting maker, on Friday reported first-quarter net profit of 60 million euros ($72.7 million), in line with expectations, as component shortages kept the company from feeling the full effects of an economic rebound.
Signify NV forecast a sales rebound in 2021 after the world's largest lighting maker reported on Friday better-than-expected fourth-quarter core earnings.
Signify NV, the world's largest lighting maker, reported on Friday better-than-expected fourth quarter core earnings and it forecast a sales rebound in 2021 despite the continuing coronavirus pandemic.
Signify NV plans to cut 700 jobs out of its global workforce of about 37,000, the world's biggest lighting company said on Thursday.
Signify NV, the world's largest lighting company, said on Wednesday it expects sales to grow in the coming years after a long period of decline and a deep slump in 2020.
Signify NV, the world's largest lighting company, said on Wednesday that it expects sales to grow in the coming years after a long period of decline and a deep slump in 2020.
Signify NV, the world's largest lighting company, said on Friday its short term outlook is still murky are as its clients are reluctant to rebuild inventory of lamps and lighting fixtures amid the COVID-19 pandemic.
Signify NV, the world's largest lighting maker, reported higher third-quarter core earnings, which were in line with expectations and said it had improved margins amid the coronavirus crisis.
Signify NV, the world's biggest lighting maker, reported a 62% jump in second-quarter net profit on Friday helped by a tax windfall and lower restructuring charges.
Signify NV, the world's biggest lighting maker, on Friday reported a 62% jump in second-quarter net profit, despite the coronavirus crisis, and said it intended to pay down 350 milllion euros ($406 million) in debt this year.
Signify, the world's largest lighting manufacturer, said on Tuesday researchers at Boston University had confirmed an ultraviolet light made by the company works to degrade most coronavirus in a laboratory setting in a matter of seconds.
* SIGNIFY AND BOSTON UNIVERSITY VALIDATE EFFECTIVENESS OF SIGNIFY’S UV-C LIGHT SOURCES ON INACTIVATING THE VIRUS THAT CAUSES COVID-19
Shares in Signify NV <LIGHT.AS> jumped on Friday after the world's largest maker of lights said it had increased cash flow even though sales and profits fell during the first quarter because of the coronavirus outbreak.
Signify NV, the world's largest maker of lights, on Friday reported falling sales and profits for the first quarter as the impact of the coronavirus pandemic offset its acquisition of Cooper Lighting.
* Q1 NET PROFIT DOWN 39.2% TO 27 MILLION EUROS, ADJUSTED EBITDA DOWN 2.3% TO 112 MLN EUROS
* SIGNIFY PROVIDES UPDATE ON DEVELOPMENTS RELATED TO THE CORONAVIRUS
Signify, the world's largest maker of lights, on Friday reported higher fourth-quarter core earnings and said it expected to improve margins in 2020 despite "challenging market conditions."
Signify, the world's biggest lighting company, on Friday reported third quarter earnings that were slightly below analysts' expectations.
The following bids, mergers, acquisitions and disposals were reported by 2000 hours GMT on Wednesday:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.