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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 24, 2026
AI Summary
Q2 2026

Sales: Signify reported second-quarter sales of EUR 1.332 billion, with comparable sales down 3.6% as market conditions stayed mixed.

Margins: Adjusted EBITA margin fell to 6.1% from lower volume and higher input costs, especially in Consumer, but management said pricing and cost actions are starting to help.

Guidance: The company confirmed full-year guidance for an adjusted EBITA margin of 7.5% to 8.5% and free cash flow of 6.5% to 7.5% of sales.

Consumer: Sell-out stayed strong, but retailer destocking continued to hurt sell-in, with the Connected business and Klite weighing on profit.

Outlook: Management expects stronger profitability in the second half, supported by price increases, cost savings, and a better mix of business execution.

Q&A Focus: Analysts pressed on destocking, second-half margin recovery, and the cost savings program; management said savings are on track and mostly back-end loaded into H2.

Key Financials
Sales
EUR 1.332 billion
Adjusted EBITA
EUR 81 million
Adjusted EBITA margin
6.1%
Free cash flow
EUR 35 million
Professional comparable sales
down 2.5%
Professional adjusted EBITA margin
7%
Professional gross margin
around 40%
Consumer comparable sales
down 0.2%
Consumer adjusted EBITA margin
3%
OEM comparable sales
down 12%
OEM adjusted EBITA margin
4.6%
Conventional comparable sales
down 9%
Conventional adjusted EBITA margin
18.1%
Working capital
improved by EUR 107 million
Working capital as percentage of sales
6.3%
Cost savings plan
EUR 180 million gross savings
Connected light points
175 million
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