Signify – Signify’s second quarter results 2026

Signify reports second quarter 2026 results, implements new strategy in a mixed market and confirms full year guidance

 

Highlights¹

• Sales of EUR 1,332 million with a CSG of -3.6% (Q2 25: -1.4%)
• Adj. EBITA margin of 6.1% (Q2 25: 7.8%)
• Net income of EUR 17 million including restructuring costs of EUR 31 million mainly related to the current cost reduction program (Q2 25: EUR 57 million)
• Free cash flow of EUR 35 million (Q2 25: EUR 36 million)
• First-time reporting on the Brighter Lives, Better World 2030 program confirms strong progress, with all sustainability targets on track

 

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced the company’s second quarter results of 2026.

“Our second-quarter performance reflects both a mixed market environment and early progress in executing our strategy across the Build and Harvest portfolios.

 

In our Build portfolio, we saw continued momentum in Professional projects in the US and Emerging Markets. This was offset by weaker demand in Europe and continued softness in the stock & flow segment. In Consumer, connected continued to deliver strong sell-out, while sell-in was affected by ongoing retailer inventory adjustments.

 

In our Harvest portfolio, upstream manufacturing activities including Klite and OEM continued to face challenging demand and supply conditions. At the same time, our downstream businesses, including consumer lamps and Conventional, performed ahead of expectations.

 

While profitability was impacted by the lower contribution from our Consumer business, we are taking actions to improve this performance. With targeted price increases and ongoing cost initiatives, we are confident in delivering stronger profitability in the second half of the year.

 

We are encouraged by the engagement of our people as we bring our strategy to life. By executing with greater focus and discipline, strengthening commercial and operational performance, and putting customers at the centre of everything we do, we are building a more focused, better performing Signify that is well positioned to create sustainable value for our stakeholders.” said As Tempelman, CEO of Signify.

 

Outlook

We continue to execute our strategy across all performance areas and expect to deliver an improved performance in the second half of the year. We confirm our full-year guidance of an adjusted EBITA margin of 7.5-8.5% and free cash flow generation of 6.5-7.5% of sales.

For the full and original version of the press release click here

For the presentation click here

 

Conference call and audio webcast

As Tempelman (CEO) and Željko Kosanović (CFO) will host a conference call for analysts and institutional investors at 9:00 a.m. CET to discuss the second quarter 2026 results. A live audio webcast of the conference call will be available via the Investor Relations website.

 

Financial calendar 2026

October 23, 2026: Third quarter results 2026

1This press release contains certain non-IFRS financial measures and ratios, which are not recognized measures of financial performance or liquidity under IFRS. For further details, refer to “Non-IFRS Financial Measures” in “Important information” of this press release.

 

 

Important information

Forward-Looking Statements and Risks & Uncertaintie

This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Signify N.V. (the “Company”, and together with its subsidiaries, the “Group”), including statements regarding strategy, estimates of sales growth and future operational results. By their nature, these statements involve risks and uncertainties, and there may be many factors that could cause actual results or outcomes to differ materially from those expressed in or implied by these statements.

These risks, uncertainties and other factors include macroeconomic volatility, geopolitical and regulatory changes including trade tariffs, competitive price pressure, technological disruptions, reduced governmental funding for energy efficiency and sustainability, currency risks, changes in international tax laws, effects of environmental crises, climate change and natural disasters, cybersecurity risk, and export controls and sanctions. The above risks may not include all factors that ultimately affect the Group. Additional risks and uncertainties that are currently not known to the Group or not considered material may have a material adverse effect on the business, strategy, results of operations, financial condition and prospects of the Group, or prevent the forward-looking events discussed from occurring. The Group undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

 

Market and Industry Information

All references to market share, market data, industry statistics and industry forecasts in this document consist of estimates compiled by industry professionals, competitors, organizations or analysts, of publicly available information or of the Group’s own assessment of its sales and markets. Rankings are based on sales unless otherwise stated.

 

Non-IFRS Financial Measures

Certain parts of this document contain non-IFRS financial measures and ratios, such as comparable sales growth, adjusted gross margin and indirect costs, EBITA, adjusted EBITA, free cash flow, Net debt, Working capital, Beyond illumination revenues, and other related ratios, which are not recognized measures of financial performance or liquidity under IFRS. The non-IFRS financial measures presented are measures used by management to monitor the underlying performance of the Group’s business and operations. Not all companies calculate non-IFRS financial measures in the same manner or on a consistent basis and these measures and ratios may not be comparable to measures used by other companies under the same or similar names. A reconciliation of a number of non-IFRS financial measures to the most directly comparable IFRS financial measures is contained in appendix B, Reconciliation of non-IFRS financial measures, of this document. For further information on non-IFRS financial measures, see “Chapter 18 Reconciliation of non-IFRS measures” in the Annual Report 2025.

 

Presentation

All amounts are in millions of euros unless otherwise stated. Due to rounding, amounts may not add up to totals provided. All reported data is unaudited. Unless otherwise indicated, financial information has been prepared in accordance with the accounting policies as stated in the Annual Report 2025.

 

Market Abuse Regulation

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.