2019-07-26

Signify Announces 2Q19 Financial Results and Investment in Chinese LED Lighting Company

Signify reported the financial results of the second quarter of 2019 and announced that it has agreed to buy a 51% share of Klite Lighting, a China-based LED luminaires manufacturer. Signify registered sales of EUR 1.477 billion (US$ 1.65 billion) with an on-year decrease of 6.1%. LED-based sales increased by 0.2%, accounting for 77% of total revenue. The adjusted gross margin declined by 20 bps to 37.7% due to lower sales volumes and price erosion, largely offset by ongoing procurement savings. Adjusted EBITA amounted to EUR 133 million (US$ 148.22 million) co...
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The CLEDIA project, co-financed by the Auvergne-Rhône-Alpes A group of logos with different names AI-generated content may be incorrect. Region and Bpifrance has just been completed after three years of collaborative innovation between P... READ MORE

Seoul Semiconductor has developed an innovative LED light source—SunLike—that reproduces a spectrum nearly identical to natural sunlight. The technology is gaining attention for its positive effects on eye health, including reducing ... READ MORE