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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 09/24 11:35:03 am
43.31 EUR   -1.39%
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Signify N : Ljusgňrda produced salads all year round

05/11/2021 | 07:24pm EDT

Signify has extensive experience of advanced lighting solutions and works with other large-scale indoor farms. They provide us access to lighting experts who can help us to continuously improve production. Signify is also one of the few suppliers with the capacity to deliver in line with our growth plan. Together we are expanding our facility in Sweden. Signify's controllable light spectrum enables us to optimize the light for cultivation and produce the highest quality crops.'

Today, Ljusgårda's salads are sold in more than 60 ICA supermarkets, mainly in the Swedish regions of Västra Götaland and Småland. With the expansion of the facility and production on a much larger scale, Ljusgårda aims to supply sustainable Swedish salads to stores throughout Sweden.

'We are delighted to help Ljusgårda to produce local, climate-smart salads.1 Ljusgårda shares our vision of a sustainable transformation within agriculture and is focusing in particular on quality and flavor,' says Henrik Nørgaard, Nordic Commercial Director of Agriculture at Signify. 'This is important to Signify because of our strategic goal of helping our customers accelerate the use of sustainable farming to improve agriculture's impact on climate change. By using the latest lighting systems in vertical farming, Ljusgårda can supply salads that meet the highest food safety standards. The right lighting also results in plants of a higher quality and a higher percentage of crops being consumed, reducing food waste. Additionally, by helping Ljusgårda to grow locally we contribute to significantly reducing the food miles these salads have to travel before making it to Swedish consumers. We are therefore proudly taking part in the journey from the first green shoots to more consumers being able to enjoy Swedish salads all year round.'

Supporting food availability through horticulture LEDs illustrates our commitment to supporting good health and wellbeing (SDG3). It is key to our commitment to doubling the percentage of our revenues for brighter lives, which benefit society, to 32%. This is part of our Brighter Lives, Better World 2025 program, which was launched in September 2020.

Disclaimer

Signify NV published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 23:23:04 UTC.


ę Publicnow 2021
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Sales 2021 6 869 M 8 048 M 8 048 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 14,9x
Yield 2021 3,38%
Capitalization 5 406 M 6 331 M 6 334 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 43,92 €
Average target price 54,73 €
Spread / Average Target 24,6%
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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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