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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
  Report
Real-time Euronext Amsterdam  -  11:35:37 2023-02-03 am EST
34.72 EUR   +0.14%
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% and a free cash flow of EUR 445 million
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Signify proposes to appoint Sophie Bechu as Supervisory Board member

11/08/2022 | 02:01am EST

Press Release

November 8, 2022

Signify proposes to appoint Sophie Bechu as Supervisory Board member

Eindhoven, the Netherlands Signify (Euronext: LIGHT), the world leader in lighting, today announces that its Supervisory Board will propose the appointment of Mrs. Sophie Bechu as a member of the Supervisory Board at the Annual General Meeting of Shareholders (AGM) to be held in May 2023. Mrs. Bechu will attend Supervisory Board meetings as observer until the AGM vote.

Sophie Bechu (French/American, 61) has been a member of the Board of Directors of Quotient Limited since September 2022. During her long career, she has built up extensive executive experience in operations, services and technology. From 2016 to October 2022, she served as Chief Operations Officer on the Executive Committee of Royal Philips, where she established Philips’ integrated supply chain organization, and optimized the supplier base and manufacturing footprint with cost, efficiency and sustainability in mind. Prior to this, Mrs. Bechu worked for over 30 years with IBM Corporation, where she held various executive positions, most recently Vice President, Strategic Outsourcing, North America Delivery. In these roles, she drove operational excellence in operations, business transformation, service/solutions delivery and IT services delivery.

Mrs. Bechu holds an Automation, Electrical Engineering decree from the École supérieure d’électricité in Paris. Mrs. Bechu has lived and worked in France, Hong Kong, India, US and the Netherlands.

“We are very pleased that Mrs. Bechu is available to join our board,” said Mr. Arthur van der Poel, Chair of the Supervisory Board of Signify. “She has a wealth of experience in operations and a strong connection to the US market, which since our acquisition of Cooper Lighting Solutions in 2020 has become increasingly important for Signify.”

Additional information on the composition of the Supervisory Board can be found here.

--- END ---


For further information, please contact:

Signify Investor Relations
Thelke Gerdes
Tel: +31 6 1801 7131
E-mail: thelke.gerdes@signify.com

Signify Corporate Communications
Abigail Levene
Tel: +31 6 2939 3895
E-mail: abigail.levene@signify.com

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services deliver business value and transform life in homes, buildings and public spaces. In 2021, we had sales of EUR 6.9 billion, approximately 37,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for five consecutive years and were named Industry Leader in 20172018 and 2019. News from Signify is located at the NewsroomTwitterLinkedIn and Instagram. Information for investors can be found on the Investor Relations page. 

Market Abuse Regulation
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Attachment


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% ..
GL
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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Analyst Recommendations on SIGNIFY N.V.
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Financials
Sales 2022 7 498 M 8 137 M 8 137 M
Net income 2022 533 M 579 M 579 M
Net Debt 2022 1 212 M 1 315 M 1 315 M
P/E ratio 2022 8,60x
Yield 2022 4,43%
Capitalization 4 348 M 4 718 M 4 718 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,71x
Nbr of Employees 34 619
Free-Float 91,4%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 34,72 €
Average target price 41,38 €
Spread / Average Target 19,2%
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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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