Company Overview : Signify Innovations was incorporated in 2015 and is a Dutch multinational company. Signify Innovations India Limited which was formerly known as Philips Lighting, is into the manufacturing of electric lights and light fixtures for consumers and professionals. Signify is number one in conventional lighting, LED, and connecting lights. Their energy-efficient lighting products and services offer customers comfort, superior and quality lighting, and makes peoples life easier. Signify has been a driving force for many innovations and continues to lead the ongoing development of connected lighting systems and services. Its position as the leader in connected lighting makes them the number one company for the Internet of Things. Signify became the first global lighting company to LiFi-enable office lighting fixtures as of 2018. Their advanced technology solves the problem of WiFi connectivity issues as they provide a stable broadband connection through light waves.
Announcement and News
Signify’s fourth quarter and full-year results 2024
Signify reports full-year sales of EUR 6.1 billion, operational profitability of 9.9% and a free cash flow of 7.1% of sales; launches share repurchase program
Full year 20241
- Signify’s installed base of connected light points increased to 144 million at YE 24
- Included in the Dow Jones Sustainability World Index for the eighth consecutive year
- Sales of EUR 6,143 million; comparable sales growth (CSG) of -6.6%
- LED-based sales represented 93% of total sales (FY 23: 85%)
- Adj. EBITA margin of 9.9% (FY 23: 10.0%)
- Successful implementation of cost reduction program, delivering savings of EUR 131 million
- Net income of EUR 334 million (FY 23: EUR 215 million)
- Free cash flow of EUR 438 million (FY 23: EUR 586 million), representing 7.1% of sale
- Fourth quarter 2024
- Sales of EUR 1,655 million; CSG of -2.8%
- Adj. EBITA margin of 12.4% (Q4 23: 12.1%)
- Net income of EUR 119 million (Q4 23: EUR 59 million)
- Free cash flow of EUR 188 million (Q4 23: EUR 295 million)
Financial Data (IN CR.)
| YEAR |
2024 |
2023 |
2022 |
| NET SALES |
3068.7 |
3106.3 |
2794.6 |
| TOTAL INCOME |
3097.9 |
3129.6 |
2824.4 |
| NET PROFIT |
269 |
266.7 |
231.9 |
| SHAREHOLDER FUND |
549 |
642.4 |
592.7 |
| TOTAL ASSET |
1602.9 |
1710.6 |
1591.2 |
| EPS |
46.77 |
46.37 |
40.32 |
Profit and Loss (IN CR.)
|
Mar 2022 |
Mar 2023 |
Mar 2024 |
| Revenue |
2795 |
3106 |
3069 |
| Cost Of Material Consumed |
1499 |
1715 |
1563 |
| Gross Margin |
46.37 |
44.78 |
49.07 |
| OPM |
13.38 |
13.88 |
14.6 |
| Other Income |
10 |
10 |
24 |
| Other Expenses |
485 |
514 |
467 |
| Depreciation & Amortization |
60 |
80 |
96 |
| Profit before tax |
315 |
352 |
365 |
| Net Profit Margin |
8.3 |
8.56 |
8.77 |
| EPS in Rs |
40.35 |
46.26 |
46.78 |
| Finance Cost |
9 |
9 |
11 |
Balance Sheet (IN Cr.)
|
Mar 2022 |
Mar 2023 |
Mar 2024 |
| Share Capital |
57.5 |
57.5 |
57.5 |
| Reserves |
535 |
585 |
491.5 |
| Borrowings |
0 |
0 |
0 |
| Other Liabilities |
383.5 |
411.5 |
433 |
| Total Liabilities |
1591 |
1710 |
1603 |
| Fixed Assets |
183 |
206 |
181.5 |
| CWIP |
9 |
5 |
2 |
| Investments |
0 |
1 |
1 |
| Other Assets |
910 |
932 |
884.5 |
| Total Assets |
1591 |
1710 |
1603 |
Shareholding Pattern
|
Mar 2023 |
Mar 2024 |
Dec 2024 |
| Signify Holding B.V |
96.13% |
96.13% |
96.13% |
| Others |
3.87% |
3.87% |
3.87% |
