Signify : Q3 a bit of a mixed bag, guidance reiterated, recovery in sales continues
>Comparable sales a beat, EBITA (margin) in line, net debt a miss - Signify reported sales of € 1.53bn that missed css by 1.2% although comparable sales growth was -5.2% versus -5.9% expected. Adj. EBITA came in at € 162m, missing css by 0.7% while the adj. EBITA margin was basically in line. Net profit came in at € 108m vs css at € 79m, driven by higher reported EBITA (€ 162m vs € 138m css), the lack of incidental charges and a much lower than anticipated tax charge....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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