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Signify NV (LIGHT.AS)

LIGHT.AS on Amsterdam Stock Exchange

24.18EUR
5:22am EDT
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€0.13 (+0.54%)
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€34.94
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€21.11

Latest Key Developments (Source: Significant Developments)

Signify Says It Will Not Deliver Positive FY Comparable Sales Growth
Friday, 27 Jul 2018 01:00am EDT 

July 27 (Reuters) - SIGNIFY NV ::REG-SIGNIFY'S SECOND QUARTER & HALF YEAR RESULTS 2018.Q2 NET INCOME OF EUR 29 MILLION (Q2 2017: EUR 73 MILLION).SIGNIFY HAS DECIDED TO REVISE ITS SALES OUTLOOK FOR 2018..Q2 SALES OF EUR 1,537 MILLION; A COMPARABLE DECREASE OF 3.4%.COMPANY EXPECTS ITS COMPARABLE SALES GROWTH IN SECOND HALF TO IMPROVE COMPARED WITH FIRST HALF.Q2 SALES OF EUR 1,537 MILLION; A COMPARABLE DECREASE OF 3.4%.HOWEVER, IMPROVEMENT IS NOT EXPECTED TO BE SUFFICIENT TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR..WE HAVE DECIDED TO REVISE OUR SALES OUTLOOK FOR YEAR -CEO.Q2 ADJUSTED. EBITA OF EUR 130 MILLION (Q2 2017: EUR 159 MILLION), IMPACTED BY CURRENCY EFFECTS OF EUR -22 MILLION.MAINTAINS ITS EARLIER OUTLOOK TO IMPROVE ADJUSTED EBITA MARGIN FROM 9.6% IN 2017 TO 10.0-10.5% IN 2018.Q2 ADJUSTED. EBITA MARGIN OF 8.4% (Q2 2017: 9.4%), INCLUDING A CURRENCY IMPACT OF -80 BASIS POINTS.WE EXPECT OUR SALES GROWTH PERFORMANCE TO IMPROVE IN SECOND HALF, BUT THIS WILL NOT BE ENOUGH TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR -CEO.WE CONFIRM OUR PROFITABILITY AND CASH FLOW OUTLOOK FOR YEAR -CEO.CONTINUES TO EXPECT TO GENERATE A SOLID FREE CASH FLOW IN 2018, WHICH WILL BE SOMEWHAT LOWER THAN LEVEL IN 2017.MAINTAINS ITS EARLIER OUTLOOK TO IMPROVE ADJUSTED EBITA MARGIN FROM 9.6% IN 2017 TO 10.0-10.5% IN 2018, ALBEIT AT LOWER END OF RANGE..Q2 REUTERS POLL: SALES EUR 1.56 BLN; ADJ. EBITA EUR 133 MLN; NET INCOME EUR 42.3 MLN.  Full Article

Signify Signs Deal With Agro-Inwest
Monday, 4 Jun 2018 07:21am EDT 

June 4 (Reuters) - Signify Nv ::IGNS DEAL WITH AGRO-INWEST.DEAL TO MORE THAN DOUBLE SIZE OF LED HORTICULTURAL LIGHTING PROJECT TO 68.5 HECTARES.SIGNS (NOT IGNS) DEAL WITH AGRO-INWEST.  Full Article

Philips Lighting Q1 Sales down at 1.5 Billion Euros
Thursday, 26 Apr 2018 01:00am EDT 

April 26 (Reuters) - PHILIPS LIGHTING NV ::REG-PHILIPS LIGHTING REPORTS FIRST QUARTER SALES OF EUR 1.5 BILLION AND OPERATIONAL PROFITABILITY OF 7%.Q1 NET INCOME OF EUR 20 MILLION (Q1 2017: EUR 61 MILLION).Q1 SALES EUR 1.5 BILLION VERSUS EUR 1.57 BILLION IN REUTERS POLL.FOR 2018 WE AIM TO IMPROVE OUR ADJUSTED EBITA MARGIN FROM 9.6% TO 10.0-10.5%.Q1 ADJUSTED EBITA EUR 106 MILLION VERSUS EUR 129 MILLION IN REUTERS POLL.EXPECT TO BENEFIT FROM HIGHER SAVINGS AS OF SECOND HALF OF 2018.AIM TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR ON BASIS OF A STRONG SECOND HALF.EXPECT TO GENERATE SOLID FREE CASH FLOW IN 2018.SOLID FREE CASH FLOW IN 2018, WHICH IS, HOWEVER, EXPECTED TO BE SOMEWHAT LOWER THAN LEVEL IN 2017 DUE TO HIGHER RESTRUCTURING PAYMENTS..  Full Article

Philips Lighting Announces Intention To Change Company Name To Signify
Friday, 16 Mar 2018 03:40am EDT 

March 16 (Reuters) - PHILIPS LIGHTING NV ::PHILIPS LIGHTING ANNOUNCES INTENTION TO CHANGE COMPANY NAME TO SIGNIFY WHILE KEEPING THE PHILIPS BRAND FOR ITS PRODUCTS.‍COMPANY WILL CONTINUE TO USE PHILIPS BRAND UNDER EXISTING LICENSING AGREEMENT WITH ROYAL PHILIPS​.  Full Article

Bookrunner Says Koninklijke Philips Completed Sale Of 16.22 Mln Shares In Philips Lighting At 32.10 Euros Per Share‍​
Monday, 26 Feb 2018 07:30pm EST 

Feb 26 (Reuters) - :BLOCK TRADE - PHILIPS LIGHTING NV - BOOKRUNNER SAYS KONINKLIJKE PHILIPS COMPLETED SALE OF 16.22 MILLION SHARES IN PHILIPS LIGHTING AT EUR 32.10 PER SHARE‍​.  Full Article

Bookrunner Says Orders Below 32.10 Euros Per Share For Philips Lighting Secondary ABO Expected To Miss Transaction
Monday, 26 Feb 2018 03:22pm EST 

Feb 26 (Reuters) - :BLOCK TRADE - PHILIPS LIGHTING : BOOKRUNNER SAYS ORDERS BELOW EUR 32.10/SHARE EXPECTED TO MISS TRANSACTION; LIMIT CHANGES POSSIBLE UNTIL 20.30 UK TIME‍​.  Full Article

Bookrunner says Philips Lighting Secondary ABO Pricing Guidance Is 32 Euros to 32.25 Euros
Monday, 26 Feb 2018 02:03pm EST 

Feb 26 (Reuters) - Philips Lighting NV's Bookrunner::BLOCK TRADE - PHILIPS LIGHTING NV: BOOKRUNNER SAYS PRICING GUIDANCE IS 32-32.25 EUROS, BOOKS ARE OVERSUBSCRIBED WITHIN THAT RANGE.BLOCK TRADE - PHILIPS LIGHTING NV: BOOKRUNNER SAYS BOOKS ARE ANCHORED BY PRICE INSENSITIVE, LARGE LONG ONLY INTEREST.BLOCK TRADE - PHILIPS LIGHTING NV: BOOKRUNNER SAYS BOOKS EXPECTED TO CLOSE 19.30 UK TIME TODAY.  Full Article

Philips Lighting Intends To Repurchase 2.2 Million Shares From Royal Philips
Monday, 26 Feb 2018 12:27pm EST 

Feb 26 (Reuters) - PHILIPS LIGHTING NV ::REG-PHILIPS LIGHTING INTENDS TO REPURCHASE 2.2 MILLION SHARES FROM ROYAL PHILIPS.‍REPURCHASE WILL BE FINANCED FROM PHILIPS LIGHTING'S OWN FUNDS​.  Full Article

Philips Lighting NV Secondary ABO Books Are Covered - Bookrunner
Monday, 26 Feb 2018 12:07pm EST 

Feb 26 (Reuters) - Philips Lighting Nv's Bookrunner::BLOCK TRADE - PHILIPS LIGHTING NV: BOOKRUNNER SAYS SECONDARY ABO BOOKS ARE COVERED, PRICING GUIDANCE TO FOLLOW ‍​.  Full Article

Koninklijke Philips Announces Intended Sale Of Part Of Its Stake In Philips Lighting‍​
Monday, 26 Feb 2018 11:52am EST 

Feb 26 (Reuters) - KONINKLIJKE PHILIPS NV ::ROYAL PHILIPS ANNOUNCES INTENDED SALE OF PART OF ITS STAKE IN PHILIPS LIGHTING‍​.ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 16.2 MILLION SHARES IN PHILIPS LIGHTING N.V.SHARES ARE CURRENTLY OWNED BY ROYAL PHILIPS.SHARES REPRESENTING APPROXIMATELY 11.6% OF PHILIPS LIGHTING’S ISSUED SHARE CAPITAL‍​.TRANSACTION IS EXPECTED TO SETTLE ON MARCH 1, 2018.AGREED TO A LOCK‐UP IN RESPECT OF ITS REMAINING STAKE IN PHILIPS LIGHTING UNTIL PUBLICATION OF PHILIPS LIGHTING'S Q1 RESULTS.ABN AMRO BANK N.V., GOLDMAN SACHS INTERNATIONAL, SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING AND MORGAN STANLEY & CO. INTERNATIONAL PLC ARE ACTING AS JOINT BOOKRUNNERS FOR THE TRANSACTION.AS PART OF THE TRANSACTION, PHILIPS LIGHTING HAS IRREVOCABLY COMMITTED TO PLACE AN ORDER IN THE OFFERING TO REPURCHASE 2.2M SHARES.  Full Article

UPDATE 2-Signify shares rally as share buybacks outweigh cut in outlook

* Signify shares rise 8 pct after sharp drop in first half of 2018 (Adds share price and analyst reaction, more detail on Q2 results, CEO quotes)