Company announces annual revenue of €6.1 billion.

Posted in

January 24, 2025

Company announces annual revenue of €6.1 billion.

On January 24, 2025, Signify announced its results for the full year and fourth quarter of 2024, reporting total sales of EUR 6.1 billion, a 9.9% adjusted EBITA margin, and a free cash flow equivalent to 7.1% of sales. Despite challenges in the Chinese market and the Professional sector in Europe, the company saw substantial growth in its Consumer business, with LED sales representing 93% of total sales. Signify has successfully executed cost-cutting measures, saving EUR 131 million and reducing its gross debt by EUR 440 million during the year. Looking ahead, the company plans to increase its dividend to EUR 1.56 per share and launch a share repurchase program amounting to EUR 350-450 million through 2027, aiming for continued growth and a stable EBITA margin in 2025. Additionally, Signify remains committed to its sustainability initiatives, making progress on several environmental targets while acknowledging the need for greater diversity in leadership.

Original source:

https://www.globenewswire.com/news-release/2025/01/24/3014701/0/en/Signify-reports-full-year-sales-of-EUR-6-1-billion-operational-profitability-of-9-9-and-a-free-cash-flow-of-7-1-of-sales-launches-share-repurchase-program.html

Company announces annual revenue of €6.1 billion.

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