2023-07-28

Signify reports second quarter sales of EUR 1.6 billion, operational profitability of 8.3% and a free cash flow of EUR 88 million

Second quarter 2023¹ Signify's installed base of connected light points increased from 117 million in Q1 23 to 119 million in Q2 23 On track for all Brighter Lives, Better World 2025 sustainability program commitments Sales of EUR 1,644 million; nominal sales decline of -10.5% and CSG of -8.6% LED-based sales represented 84% of total sales (Q2 22: 84%) Adj. EBITA margin of 8.3% (Q2 22: 9.5%) Net income of EUR 45 million (Q2 22: EUR 248 million) Free cash flow of EUR 88 million (Q2 22: EUR 135 million) Eindho...
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