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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
  Report
Real-time Euronext Amsterdam  -  11:36:26 2023-02-07 am EST
33.27 EUR   -0.95%
01/27Transcript : Signify N.V., 2022 Earnings Call, Jan 27, 2023
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01/27Signify more upbeat on 2023 profitability, skips sales outlook
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01/27Signify reports full-year sales of EUR 7.5 billion, operational profitability of 10.1% and a free cash flow of EUR 445 million
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Lights maker Signify cuts 2022 outlook on lower consumer demand, China

10/28/2022 | 01:25am EST
FILE PHOTO: Signify's logo is pictured at the headquarters in Eindhoven

(Reuters) - Signify, the world's biggest maker of lights, on Friday cut its full-year profit margin and sales guidance, citing lower consumer demand and a slowdown in China. The Dutch group, formed from the spin-off of Philips' lighting unit, said it now expects adjusted earnings before interest, taxes and amortisation (EBITA) margins and free cash flow to be at the lower end of its guidance.

Comparable sales growth will be between 2% and 3% for 2022, down from previous guidance of 3-6%.

Its range for adjusted EBITA margin is between 11.0% and 11.4% and free cash flow equal to 5% to 7% of sales.

(Reporting by Valentine Baldassari; editing by Josephine Mason)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PHILIPS NV 0.32% 16.218 Real-time Quote.15.44%
SIGNIFY N.V. -0.95% 33.27 Real-time Quote.7.04%
All news about SIGNIFY N.V.
01/27Transcript : Signify N.V., 2022 Earnings Call, Jan 27, 2023
CI
01/27Signify more upbeat on 2023 profitability, skips sales outlook
RE
01/27Signify reports full-year sales of EUR 7.5 billion, operational profitability of 10.1% ..
GL
01/27Signify reports full-year sales of EUR 7.5 billion, operational profitability of 10.1% ..
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01/27Signify N.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
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01/27Signify N.V. Reports Earnings Results for the Full Year Ended December 31, 2022
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01/12Lighting maker Signify cuts 2022 outlook again on China, business lighting
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01/12Lights maker Signify cuts its 2022 outlook again on lower consumer demand, China
RE
01/12Signify provides update on its performance in Q4 2022
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01/12Signify provides update on its performance in Q4 2022
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Financials
Sales 2022 7 498 M 8 019 M 8 019 M
Net income 2022 533 M 571 M 571 M
Net Debt 2022 1 212 M 1 296 M 1 296 M
P/E ratio 2022 8,32x
Yield 2022 4,57%
Capitalization 4 166 M 4 456 M 4 456 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,70x
Nbr of Employees 34 619
Free-Float 91,4%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 33,59 €
Average target price 41,38 €
Spread / Average Target 23,2%
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Managers and Directors
╔ric Rondolat Chief Executive Officer
Francisco Javier van Engelen Sousa Chief Financial Officer
Arthur P. M. van der Poel Chairman-Supervisory Board
Tony Thomas Chief Digital & Information Officer
Rita S. Lane Member-Supervisory Board
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