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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
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Signify N : Philips LED's most energy-efficient A-class bulbs

08/30/2021 | 10:02pm EDT
  • New Philips LED A-class bulbs consume 60% less energy compared to standard Philips LED bulbs and have a longer lifespan
  • Provides consumers with a smart investment for the planet and their purse
  • Philips LED's new and improved regular A-shape bulbs will be available starting September 1, 2021

Eindhoven, the Netherlands - Signify (Euronext: LIGHT), (Euronext: LIGHT), the world leader in lighting, introduces the first Philips LED A-class bulbs that meet the more stringent EU Ecodesign and Energy labeling regulations that come into effect on September 1, 2021. The new Philips LED bulbs with a longer lifespan provide consumers with a smart investment for both the planet as their purse. The more sustainable LED bulbs, available in 40W and 60W equivalents, will hit the shelves on September 1, 2021.

For an A-class rating under the new regulations, lighting products have to reach an energy efficiency of 210lm/W. Signify has developed and designed four regular A-shape light bulbs that meet these criteria, meaning they consume 60% less power to achieve the same light output and quality as standard Philips LED bulbs. Thanks to this technological breakthrough, the new products are the first in a range of new Philips LED A-class bulbs meeting the highest level in the new EU energy labeling legislations.

The bulb that can last half a century

The new Philips LED A-class bulbs - which meet the high-quality Philips EyeComfort1 criteria - are the brand's most energy-efficient lamps in this shape yet. Consumers can benefit from a 3.5 times longer life span than Philips LED's regular A-shape equivalents as the new bulbs are able to shine light for approximately 50.000 hours. This translates into an average lifetime of 50 years2 , which provides consumers with a smart investment in the long run, for both the planet as their purse.

Disclaimer

Signify NV published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 02:01:05 UTC.


© Publicnow 2021
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Sales 2021 6 844 M 7 969 M 7 969 M
Net income 2021 366 M 426 M 426 M
Net Debt 2021 1 085 M 1 264 M 1 264 M
P/E ratio 2021 15,0x
Yield 2021 3,41%
Capitalization 5 436 M 6 324 M 6 330 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,87x
Nbr of Employees 39 143
Free-Float 92,8%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 43,55 €
Average target price 54,25 €
Spread / Average Target 24,6%
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Managers and Directors
Éric 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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