You are now visiting our Global professional lighting website, visit your local website by going to the USA website

FAQ

General

What are Signify’s main activities?
For over 120 years, Signify has been at the forefront of innovation. We use the transformative power of light to make people more comfortable and productive – providing high-quality light in public places, professional spaces, and at home. We use light to make people feel happier and safer – light that entertains, inspires, and informs, makes cities more livable, and satisfies people’s daily needs. 
How many employees does Signify have?
The total number of Signify employees was 34,256 at the end of 2016.
Where can I find a general presentation about the company and its activities?
The general presentation about Signify and its activities is included in the IR Starter-kit. You can find the IR Starter-kit here.
Which accounting standards does Signify use?
Signify uses the International Financial Reporting Standards (IFRS) as its sole accounting standard.
Which accounting firm is the auditor of Signify?
Ernst & Young Accountants LLP has been appointed as independent external auditor by the General Meeting of Shareholders.
When will Signify report its quarterly and annual results?
An overview of Signify quarterly and annual results publication dates can be found in our financial calendar.
Where can I find historical financial information on Signify?
Under Quarterly results, you will find Signify’s results releases and presentations, as well as webcasts (available for one year) and transcripts of the earnings calls.
Can I listen to Signify’s quarterly results conference calls with analysts?
Yes, Signify’s quarterly results conference calls are webcast live and replays are available for a period of time after the announcement.
What financial goals does Signify have?

Signify’s objective is to achieve Adjusted EBITA margin of 11-13% by 2019. As part of this objective, each business group has its own Adjusted EBITA margin target:

 

  • Professional targets an Adjusted EBITA margin in the range of 11-14% by 2019
  • LED targets an Adjusted EBITA margin in the range of 10-12% by 2019
  • Lamps targets medium-term Adjusted EBITA margin of at least 16%
  • Home targets to become profitable in full year 2017
When is the next Annual General Meeting of Shareholders?
The next Annual General Meeting of Shareholders will take place on May 15, 2018.
What is Signify’s fiscal year?
Signify’s fiscal year runs from January 1st through December 31st
How can I keep up to date with Signify’s news & events?
Sign up for press release alerts via below button:

Shares and dividends

On which exchange is Signify listed and what is the ticker symbol?
Signify is listed on the Euronext Amsterdam stock exchange under the ticker “LIGHT”.
When did Signify’s share start trading on the stock exchange?
Signify was separated from its parent company Royal Philips N.V. and subsequently listed on the Euronext Amsterdam stock exchange on May 27, 2016.
What was the offering price at Signify’s initial public offering (IPO)?
The offering price at Signify’s IPO was EUR 20.00 per share.
What sort of shares does Signify have?
Signify has only ordinary shares outstanding.
What is the number of shares outstanding?
After completion of the cancellation of 2.8 million shares that Signify acquired in the Royal Philips share offering announced on November 28, Signify will have 140.2 million shares outstanding. 
What is Signify’s shareholder structure?
Signify had a free float of 68.3% and 143 million of ordinary shares outstanding on December 31, 2017. Treasury shares amounted to 2.7% and Royal Philips is our largest shareholder with a holding of 29.0% on December 31, 2017. The Dutch Financial Markets Supervision Act requires persons holding a capital and/or voting interest of 3% or more in Signify to disclose such to the Netherlands Authority for the Financial Markets (AFM). The AFM processes these disclosures in its publicly available register, which can be found at www.afm.nl. An overview of the relevant holdings for Philips Lighting can be found here:
Does Signify have a share buyback program?
Given our capital position while managing our financial ratios to maintain a financing structure compatible with an investment-grade profile, Signify will return additional capital to shareholders. Over the period 2017-2018, we intend to return up to EUR 300 million, by participating in share disposals by our main shareholder. In 2017, EUR 272 million was returned to shareholders by participating in share disposals by Royal Philips.  Furthermore, Signify repurchased a total of 1.05 million shares for a total consideration of EUR 35 million in the period May 22, 2017 up to and including July 27, 2017. The purpose of this buyback program is to cover obligations arising from our long-term incentive performance share plan and other employee share plans.
When will the dividend be paid this year?
The dates that the dividends are paid could be different each year, so please visit the financial calendar to view the relevant dates and set reminders in due course.
What is the withholding tax applied on the dividend payment?
Dividend in cash is, in principle, subject to 15% Dutch withholding tax, which will be deducted from the dividend in cash paid to shareholders. 
How can I invest in Signify?
Signify’s shares can be purchased through most brokerage firms, including online brokerage services.

Debt

How much long-term debt does Signify have outstanding?
In May 2016, Signify entered into a credit agreement with a syndicate of financial institutions that established the Term Loan Facility and the Revolving Credit Facility. Signify has drawn down USD 500 million and EUR 740 million under the Term Loan Facility. More information can be found here.
What is the margin on the facilities?
Signify pays a margin based on the net leverage ratio: 
Net Leverage Ratio

Margin on Term Loan Facility

(% per annum)

Margin on Revolving Credit Facility

(% per annum)

≥1.75x
0.85
0.55
<1.75x but ≥1.25x
0.75
0.45
<1.25x but ≥0.50x
0.65
0.35
<0.50x
0.55
0.25

IR Starter-kit

 

Download here the start-kit

Calendar

 

01 July 2018

Start of the closed period

 

27 July 2018

First half year results 2018

 

 

Contact us

 

Contact Investor relations

+31 20 60 91 000

investor.lighting@signify.com

We'd love to hear from you