Signify : Excellent execution as usual, but we want growth as well.
>Management delivered as usual in 4Q - Signify executed well in 2022 and had a great end to the year. The company posted a solid set of 4Q results delivering 4.5% growth and beating consensus by 6%. For FY21 the company recorded 3.8% organic growth while expanding Adj EBITA margins by another 90 bips. This marks the eighth year in a row where the company managed to increase its profit margins. Overall we believe 2021 further adds to management credibility. Signify mai...Signify NV Formerly known as Philips Lighting NV. Signify NV, formerly Philips Lighting NV, is a company based in the Netherlands that provides lamps and lighting solutions. Its product portfolio includes, among others, incandescent lamps, halogen lamps, fluorescent lamps, linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), high-intensity discharge lamps (HID) and light-emitting diodes (LED), as well as electronic components, such as electronic ballasts and drivers. The Company also provides integrated and customized lighting systems. Its service portfolio includes light management and value-added services, such as energy audits, light design and engineering, as well as remote monitoring and managed services. The Company operates through four segments: The Lamps segments comprises conventional lamps and lamp electronics; the LED segment focuses on LED lamps; the Professional segment includes lighting systems and services for professional consumers, and the Home segment covers consumer luminaries and home systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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