AMSTERDAM, April 26 (Reuters) - Signify NV, the world’s biggest maker of lights, on Friday reported better-than-expected first-quarter earnings, due to cost-cutting measures.
Adjusted earnings before interest, taxes, and amortisation (EBITA) were 115 million euros ($128 million) for the three months ended March 31, compared with 106 million euros in the same period a year ago.
Analysts polled for Reuters had expected EBITA at 110 million euros. Signify, the former lighting division of Philips, was spun off in 2016. ($1 = 0.8981 euros) (Reporting by Toby Sterling; Editing by Subhranshu Sahu)