Signify (LIGHT) investor relations material
Signify Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 saw challenging market conditions, with intensified price pressure from redirected Chinese overcapacity and softness in key European and U.S. professional markets, but strong growth in connected and consumer lighting, especially in India and agricultural segments.
New product launches, particularly in the Philips Hue line, and expansion of the Hue portfolio drove strong consumer demand.
Q3 2025 sales reached EUR 1,407 million, down 8.4% year-over-year, with comparable sales growth (CSG) at -3.9% and -2.7% excluding the Conventional business.
Adjusted EBITA margin was 9.7%, down from 10.5% in Q3 2024; net income fell to EUR 76 million from EUR 108 million.
Free cash flow was EUR 71 million, compared to EUR 119 million in Q3 2024.
Financial highlights
Nominal sales declined 8.4% year-over-year to EUR 1,407 million, with a negative currency effect of 4.5%.
Comparable sales declined by 3.9%; excluding conventional, the decline was 2.7%.
Adjusted EBITA margin decreased by 80 bps to 9.7%.
Net income dropped to EUR 76 million due to lower operating income and higher tax expense.
Free cash flow was EUR 71 million, down from EUR 119 million year-over-year.
Outlook and guidance
Full-year 2025 guidance updated: comparable sales growth expected at -2.5% to -3% (or -1% to -1.5% excluding conventional).
Adjusted EBITA margin guidance set at 9.1%-9.6%.
Free cash flow expected around 7% of sales.
Priorities include commercial execution, supply chain management, efficiency, digital and AI investments, and a strategic review with a capital markets day planned for mid-2026.
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