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Signify NV (LIGHT.AS)

LIGHT.AS on Amsterdam Stock Exchange

25.32EUR
7:49am EDT
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€0.21 (+0.84%)
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€25.11
Open
€25.19
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€25.38
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€25.12
Volume
267,505
Avg. Vol
673,244
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€36.06
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€24.53

Latest Key Developments (Source: Significant Developments)

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

Philips To Invest In R&D Center In Cleveland
Friday, 9 Feb 2018 04:10pm EST 

Feb 9 (Reuters) - Philips Lighting Nv ::KONINKLIJKE PHILIPS NV SAYS PHILIPS TO INVEST IN DIAGNOSTIC IMAGING RESEARCH AND DEVELOPMENT CENTER OF EXCELLENCE AND GLOBAL CUSTOMER AND SERVICE TRAINING HUB IN CLEVELAND.KONINKLIJKE PHILIPS NV SAYS INVESTMENT PART OF COMPANY'S COMMITMENT TO INNOVATION WITH AN ANNUAL $600 MILLION RESEARCH AND DEVELOPMENT SPEND IN NORTH AMERICA.  Full Article

Philips Lighting FY Net Income At 281 Million Euros Misses Reuters Poll
Friday, 2 Feb 2018 01:00am EST 

Feb 2 (Reuters) - Philips Lighting Nv ::FY NET INCOME EUR 281 MILLION VERSUS EUR 300 MILLION IN REUTERS POLL.FY REVENUE EUR 6.97 BILLION VERSUS EUR 6.97 BILLION IN REUTERS POLL.FY ADJUSTED EBITA EUR ‍​699 MILLION VERSUS EUR 690 MILLION IN REUTERS POLL.PROPOSE TO PAY CASH DIVIDEND OF EUR 1.25 PER SHARE IN 2018.REUTERS POLL: FY SALES EUR 6.97 BILLION, ADJUSTED EBITA EUR 690 MILLION, NET PROFIT EUR 300 MILLION,.FY FREE CASH FLOW EUR 403 MILLION VERSUS EUR 418 MILLION YEAR AGO.DIVIDEND REPRESENTING INCREASE OF 14% AND PAY-OUT RATIO OF 45%.IN 2018, WE AIM TO IMPROVE OUR ADJUSTED EBITA MARGIN TO 10.0-10.5%, IN LINE WITH OUR MEDIUM-TERM OUTLOOK.IN 2018, FREE CASH FLOW EXPECTED TO BE SOMEWHAT LOWER THAN LEVEL IN 2017.EXPECTS TO BENEFIT FROM HIGHER SAVINGS AS OF H2 OF 2018..INTENDS TO REPURCHASE SHARES FOR AN AMOUNT OF UP TO EUR 150 MILLION IN 2018.AIMS TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FY 2018 WITH A SOFT START IN Q1.EXPECTS THE IMPACT OF THE CHANGES ON ITS EFFECTIVE TAX RATE TO BE RELATIVELY NEUTRAL.‍​.ANTICIPATES THE EFFECTIVE TAX RATE TO BE IN THE HIGH TWENTIES IN 2018, EXCLUDING THE IMPACT OF NON-RECURRING ITEMS‍​.  Full Article

BRIEF-Philips Lighting Starts Share Repurchase Program

* PHILIPS LIGHTING STARTS SHARE REPURCHASE PROGRAM OF UP TO 1.5 MILLION SHARES TO COVER PERFORMANCE SHARE PLANS