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Signify (LIGHT) investor relations material
Signify Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Installed base of connected lighting points rose to 156 million, with connected and specialty lighting now over a third of total sales.
Nominal sales declined 4.4% to EUR 1,418 million, mainly due to a 3% negative FX impact; comparable sales down 1.4%, but up 0.8% excluding Conventional.
Adjusted EBITA margin decreased by 10 bps to 7.8%, with adjusted EBITA at EUR 110 million.
Net income dropped to EUR 57 million, mainly due to lower operating income and higher adjusted items.
Free cash flow was EUR 36 million, down from EUR 51 million, impacted by higher working capital outflow.
Financial highlights
Gross margin improved by 10 bps to 40.4% year-over-year, driven by disciplined price and cost management.
Working capital reduced to 7.5% of sales, with inventories and receivables both down.
Share buyback program repurchased EUR 65 million in shares by June 2025.
Net debt increased to EUR 1,198 million, with a net debt-to-EBITDA ratio of 1.7x at end of June 2025.
Basic EPS was EUR 0.44 for Q2 2025.
Outlook and guidance
Guidance confirmed for low single-digit comparable sales growth (excluding Conventional), EBITA margin of 9.6–9.9%, and free cash flow of 7–8% of sales for the full year.
Operational focus remains on maintaining positive sales momentum and effective cost management in H2 2025.
Announced share repurchase program up to EUR 150 million for 2025.
Full EUR 200 million cost savings from restructuring program realized; ongoing reinvestment in sales and marketing to support growth.
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