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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
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Real-time Quote. Real-time Euronext Amsterdam - 09/24 11:35:03 am
43.31 EUR   -1.39%
09/15SIGNIFY N : Enhancing driver experience and safety
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09/02SIGNIFY : Berenberg maintains a Buy rating
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Signify N : Kingfish accelerate eco-friendly fish growth

02/15/2021 | 03:30am EDT
  • Improves energy efficiency, optimizes feed conversion and reduces costs
  • Allows Kingfish to exceed system design output by as much as 30%
  • Promotes consistent growth of land-grown Yellowtail fish and helps to reduce stress in fish

Eindhoven, the Netherlands -Signify (Euronext: LIGHT), the world leader in lighting, supplied Kingfish Company with Philips Aquaculture photoperiodic LED lighting products to optimize fish growth and feed conversion at the world's first sustainable land-grown aquaculture facility for Yellowtail fish. The lights provide effective and energy-efficient lighting for the large tanks and allows Kingfish to achieve as much as 30% higher production than designed for. The facility is equipped with proprietary recirculating aquaculture systems (RAS) and uses seawater and 100% renewable energy to deliver a healthy, antibiotic-free delicacy: the Dutch Yellowtail or Kingfish.

Fish need light to grow at their best. Lighting is not only needed to see the other fish and food provided, but it is also the only way for fish to determine time and season. Larger and deeper tanks, with fish that grow in changing water conditions, create challenges for light distribution. Via specific developed optics, light is distributed homogenously throughout the tank, avoiding dark spots. The electronics within the lights mimic sunrise and sunset. The grow lights have an optimal light recipe to bring enough light within the tank, increasing visibility on the food and each other. This reduces stress, improves food conversion ratio and allows fish to grow at their best.

Disclaimer

Signify NV published this content on 15 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2021 08:30:09 UTC.


ę Publicnow 2021
All news about SIGNIFY N.V.
09/15SIGNIFY N : Enhancing driver experience and safety
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Financials
Sales 2021 6 869 M 8 050 M 8 050 M
Net income 2021 372 M 436 M 436 M
Net Debt 2021 1 121 M 1 314 M 1 314 M
P/E ratio 2021 14,7x
Yield 2021 3,42%
Capitalization 5 406 M 6 331 M 6 336 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,87x
Nbr of Employees 39 143
Free-Float 92,8%
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Technical analysis trends SIGNIFY N.V.
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 43,31 €
Average target price 54,73 €
Spread / Average Target 26,4%
EPS Revisions
Managers and Directors
╔ric Rondolat Chief Executive Officer
Engelen Van 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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