Edition:
United Kingdom

Signify NV (LIGHT.AS)

LIGHT.AS on Amsterdam Stock Exchange

25.95EUR
4:35pm BST
Change (% chg)

€0.02 (+0.08%)
Prev Close
€25.93
Open
€25.82
Day's High
€26.42
Day's Low
€25.79
Volume
341,059
Avg. Vol
576,747
52-wk High
€28.02
52-wk Low
€18.92

Latest Key Developments (Source: Significant Developments)

Signify Acquires 51% Stake In Klite Lighting
Friday, 26 Jul 2019 

July 26 (Reuters) - Signify NV ::REG-SIGNIFY ACQUIRES 51% STAKE IN CHINESE PROVIDER KLITE LIGHTING TO FURTHER STRENGTHEN ITS STRATEGIC POSITION IN LED MARKET.AGREED TO ACQUIRE A 51% STAKE IN ZHEJIANG KLITE LIGHTING HOLDINGS CO., LTD. THIS ZHEJIANG.  Full Article

Signify Q2 Sales Of 1.5 Billion Euros
Friday, 26 Jul 2019 

July 26 (Reuters) - Signify NV ::REG-SIGNIFY REPORTS SECOND QUARTER SALES OF EUR 1.5 BILLION, OPERATIONAL PROFITABILITY OF 9.0% AND FREE CASH FLOW OF EUR 121 MILLION.Q2 NET INCOME IMPROVED BY 73% TO EUR 50 MILLION (Q2 18: EUR 29 MILLION).IN Q2 CSG GROWING PROFIT ENGINES -2.3%; CSG TOTAL SIGNIFY -6.1%.Q2 FREE CASH FLOW AMOUNTED TO EUR 121 MILLION (Q2 18: EUR -31 MILLION).IN Q2 ADJUSTED. INDIRECT COSTS DOWN EUR 37 MILLION ON A CURRENCY COMPARABLE BASIS, A REDUCTION OF 8%, OR 60 BPS OF SALES.Q2 ADJUSTED. EBITA MARGIN IMPROVED BY 60 BPS TO 9.0%, INCLUDING CURRENCY IMPACT OF +20 BPS.FOR TOTAL SIGNIFY, WE AIM TO REACH AN ADJUSTED EBITA MARGIN IN 2019 WITHIN RANGE OF 11% TO 13%.IN 2019, WE EXPECT FREE CASH FLOW, EXCLUDING POSITIVE IMPACT FROM IFRS 16, TO BE ABOVE 5% OF SALES.  Full Article

Signify Acquires Ilox and Once Inc
Tuesday, 21 May 2019 

May 21 (Reuters) - SIGNIFY NV ::SAID ON MONDAY ACQUIRES ANIMAL-CENTRIC LIGHTING EXPERTS ONCE INC. AND ILOX TO CAPTURE ATTRACTIVE GROWTH IN AGRICULTURAL LIGHTING.THE TRANSACTIONS ARE EXPECTED TO CLOSE IN THE SECOND QUARTER OF 2019. NO FINANCIAL DETAILS ABOUT THE TRANSACTIONS WERE DISCLOSED..  Full Article

Signify Acquires WiZ Connected
Tuesday, 16 Apr 2019 

April 16 (Reuters) - SIGNIFY NV ::SIGNIFY ACQUIRES WIZ CONNECTED TO FURTHER EXPAND ITS LEADERSHIP IN CONNECTED LIGHTING.THE TRANSACTION IS EXPECTED TO CLOSE IN THE SECOND QUARTER OF 2019. FINANCIAL DATA WILL NOT BE DISCLOSED.  Full Article

Signify FY Net Income At 261 Million Euros
Friday, 1 Feb 2019 

Feb 1 (Reuters) - SIGNIFY NV ::SIGNIFY REPORTS FULL YEAR SALES OF EUR 6.4 BILLION, IMPROVEMENT IN OPERATIONAL PROFITABILITY BY 50 BPS TO 10.1% AND FREE CASH FLOW OF EUR 306 MILLION.FY LED-BASED SALES GREW BY 2.5% ON A COMPARABLE BASIS TO 71% OF SALES (FY 17: 65%); CSG TOTAL SIGNIFY -4.4%.FY REUTERS POLL: SALES EUR 6.41 BILLION; ADJUSTED EBITA EUR 632 MILLION; NET INCOME EUR 238 MILLION.FY ADJUSTED. INDIRECT COSTS DOWN EUR 224 MILLION ON A CURRENCY COMPARABLE BASIS, A REDUCTION OF 10%, OR 180 BPS OF SALES.2018 NET INCOME OF EUR 261 MILLION (FY 17: EUR 281 MILLION INCLUDING NET REAL ESTATE GAINS OF EUR 52 MILLION).FY ADJUSTED. EBITA MARGIN IMPROVED BY 50 BPS TO 10.1%, DESPITE A NEGATIVE CURRENCY IMPACT OF -50 BPS.FY FREE CASH FLOW OF EUR 306 MILLION.IN 2019, OUR GROWING PROFIT ENGINES (LED, PROFESSIONAL AND HOME COMBINED) ARE EXPECTED TO DELIVER A COMPARABLE SALES GROWTH IN RANGE OF 2 TO 5%.FY WORKING CAPITAL IMPROVED BY 20 BPS TO 8.4% OF SALES.OUR CASH ENGINE, LAMPS, IS EXPECTED TO DECLINE AT A SLOWER PACE THAN MARKET, IN RANGE OF -21 TO -24% ON A COMPARABLE BASIS.AIM TO REACH AN ADJUSTED EBITA MARGIN IN 2019 WITHIN RANGE OF 11 TO 13%.EXPECTS FREE CASH FLOW IN 2019 TO BE ABOVE 5% OF SALES.PROPOSES TO PAY A CASH DIVIDEND OF EUR 1.30 PER SHARE OVER 2018.WILL HAVE RETURNED EUR 1.1 BILLION TO SHAREHOLDERS SINCE IPO, INCLUDING 2018 DIVIDEND.  Full Article

Signify Starts 230 Million Euros Share Repurchase Program
Monday, 30 Jul 2018 

July 30 (Reuters) - SIGNIFY NV ::REG-SIGNIFY STARTS EUR 230 MILLION SHARE REPURCHASE PROGRAM.PROGRAM IS IN LINE WITH SIGNIFY'S ANNOUNCEMENT OF JULY 27, 2018 AND WILL START ON JULY 30, 2018..REPURCHASE PROGRAM REPRESENTS A TOTAL OF APPROXIMATELY 9.9 MILLION SHARES OR 7.2% OF COMPANY'S ISSUED SHARE CAPITAL.  Full Article

Philips Lighting Changes Name To Signify
Wednesday, 16 May 2018 

May 16 (Reuters) - PHILIPS LIGHTING NV ::REG-PHILIPS LIGHTING IS NOW SIGNIFY.TODAY LAUNCHED ITS NEW COMPANY NAME.SIGNIFY WILL CONTINUE TO USE PHILIPS BRAND FOR ITS PRODUCTS.EXPECTS NAME CHANGE TO BE IMPLEMENTED IN ALL COUNTRIES WHERE IT IS ACTIVE BY BEGINNING OF 2019.  Full Article

Koninklijke Philips announces pricing of fixed rate notes due 2024
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Koninklijke Philips NV ::KONINKLIJKE PHILIPS - ANNOUNCED PRICING OF ISSUE OF EUR 500 MILLION FIXED RATE NOTES DUE 2024 AND EUR 500 MILLION FIXED RATE NOTES DUE 2028.KONINKLIJKE PHILIPS N.V.- ISSUE PRICE FOR NOTES DUE 2024 IS 99.534% WITH A COUPON OF 0.750%, RESULTING IN A YIELD OF 0.830%.KONINKLIJKE PHILIPS N.V. - ISSUE PRICE FOR NOTES DUE 2028 IS 98.884% WITH A COUPON OF 1.375%, RESULTING IN A YIELD OF 1.496%.  Full Article

Philips Lighting repurchases shares from Royal Philips for 90 mln euros
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Philips Lighting Nv ::Reg-Philips Lighting repurchases shares from Royal Philips for an aggregate amount of Eur 90 million.‍Repurchased 2.8 million of its shares for an aggregate amount of approximately Eur 90 million​.‍Repurchase will be financed from company's own funds​.Repurchase is part of accelerated bookbuild offering by Royal Philips to institutional investors of 17.1 million shares in co at price of Eur 32 per share.‍Royal Philips has announced that following transaction, it will no longer have control over Philips Lighting​.Repurchase ‍in line with co's previous announcement that it will return up to Eur 300 million to its shareholders over period 2017-2018​.  Full Article

Koninklijke Philips Orders For Philips Lighting Stake Sale Below 32 Euros Risk Missing Deal - bookrunner
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - KONINKLIJKE PHILIPS' BOOKRUNNER SAYS: :ORDERS FOR PHILIPS LIGHTING STAKE SALE, BELOW 32 EUROS RISK MISSING DEAL; BOOKS EXPECTED TO CLOSE 6:30PM UK TIME ‍​.  Full Article

Photo

Lighting company Signify hit by economic gloom

AMSTERDAM Signify reported a bigger than expected drop in second quarter sales on Friday as the world's biggest lighting company became the latest business to suffer from slowing economies and subdued consumer spending, particularly in Europe.