Signify (Euronext: LIGHT), the world leader in lighting, today announced the company’s first quarter 2025 results.
“Our performance in the first quarter landed in line with expectations, showing sequential improvements across most of our businesses, with a strong contribution from our connected offerings. The Consumer business grew in all regions, improving both top and bottom-line performance. The Professional business maintained a resilient profit margin as improvements in other markets compensated for continued headwinds in Europe. In China, we saw a faster-than-expected return to growth in both professional and consumer segments.
We are now focused on executing our plan to mitigate the short-term impact of tariffs in Q2, while implementing more structural measures to address the second half of the year. Based on our visibility of the market and the measures we are taking across the business, we confirm our guidance for the year.
Our connected and specialty lighting offerings now represent more than a third of our business. We are pleased to see these continue to perform and gain market share, despite the current market volatility. Our strategy to further strengthen these businesses will ensure we are well positioned to capture share as the market develops." said Eric Rondolat, CEO of Signify.
Brighter Lives, Better World 2025
The first quarter 2025 marked the start of Signify’s fifth and the final year of its Brighter Lives, Better World 2025 sustainability program commitments that contribute to doubling its positive impact on the environment and society.
Double the pace of the Paris Agreement
Signify is tracking ahead of its 2025 target to reduce emissions across the entire value chain by 40% against the 2019 baseline - double the pace required to achieve the Paris Agreement's climate ambitions.
Double Circular revenues
Circular revenues increased to 36%, up 1% versus the previous quarter and surpassing the 2025 target of 32%. The main contribution was from serviceable luminaires in the professional business, with a strong performance from horticulture lighting.
Double Brighter lives revenues
Brighter lives revenues remained at 33%, ahead of the 2025 target of 32%. This includes a strong contribution from both consumer and professional products with EyeComfort that support health and well-being.
Double the percentage of women in leadership
The percentage of women in leadership positions decreased by 1% to 27%, which is not in line with our 2025 ambitions. Signify continues its actions to increase representation through focused hiring practices for diversity across all levels, and through retention and engagement actions to reduce attrition.
In the first quarter, Signify received several external recognitions for its leadership in Sustainability. Signify has been named in the Global 100 most sustainable corporations by Corporate Knight and is recognized in the Clean200, a list of companies putting sustainable investments at the heart of their strategy.
Outlook
Signify is focused on executing its plan to mitigate the short-term impact of tariffs in Q2, while implementing structural measures to address the second half of the year. Based on the current visibility of the market and the measures being taken across the business, Signify confirms the guidance for the year.
Signify continues to expect sales momentum to build throughout the year, leading to low single digit comparable sales growth excluding Conventional. Signify also expects a stable Adjusted EBITA margin vs. 2024 with the Professional, Consumer and OEM combined compensating the drag of the Conventional business. Signify targets a free cash flow generation of 7-8% of sales.
Gold+ Member Report
(Global LED Industry Database vs. LED Player Movement Quarterly Update)
Report Title
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Content
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Format
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Publication
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LED Industry Demand
and Supply Database
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Demand Market Analysis:
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PDF / Excel
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1Q (Mid March)
3Q (Early September)
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2025-2029 Demand Market Forecast
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(Backlight and Flash LED / General Lighting / Agricultural Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck & Scooter / Video Wall / UV LED / IR LED / Micro LED / Mini LED)
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Supply Market Analysis:
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1. LED Chip Market Value (External Sales, Total Sales)
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2. WW New / Accumulated GaN LED and AS/P LED MOCVD Chamber Installations
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3. GaN LED and AS/P LED Wafer Market Demand (By Region / By Wafer Size)
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4. GaN LED and AS/P LED Wafer Market Demand and Supply Analysis
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LED Player Revenue
and Capacity
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LED Chip Market Analysis:
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PDF / Excel
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2Q (Early June)
4Q (Early December)
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Top 10 LED Chip Manufacturers by Revenue and Wafer Capacity
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LED Package Market Analysis:
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LED Package Manufacturers: Total Revenue, LED Revenue, and Capacity Analysis
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Top 10 LED Package Players by Revenues in Backlight and Flash LED, Lighting, Automotive, Video Wall, UV LED
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LED Industry Price Survey
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Sapphire / Chip / Package (Backlight, General Lighting, Agricultural Lighting, Automotive, Video Wall, UV LED, IR LED, VCSEL)
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Excel
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1Q (Mid March)
2Q (Early June)
3Q (Early September)
4Q (Early December)
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LED Industry Quarterly Update
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Major Players Quarterly Update:
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PDF
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1Q (Mid March)
2Q (Early June)
3Q (Early September)
4Q (Early December)
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EU / U.S- Lumileds, ams OSRAM, Cree LED
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JP- Nichia, Stanley, ROHM
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KR- Samsung, Seoul Semiconductor, Seoul Viosys
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ML- Dominant
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TW- Ennostar, Everlight, LITEON, AOT, Harvatek, PlayNitride
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CN- San’an, Changelight, HC SemiTek, Aucksun, Focus Lightings, Nationstar, Hongli, Refond, Jufei, MTC, MLS
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Micro/Mini LED
Exhibit Report
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CES 2025 / Touch Taiwan 2025
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PDF
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Aperiodically
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