Signify reports financial results each quarter. Below you can find the quarterly reports and related information since the first release.
We aim to improve our Adjusted EBITA margin from 9.6% to 10.0-10.5%. We will continue to focus on our cost reduction initiatives, and expect to benefit from higher savings as of the second half of 2018. We also aim to deliver positive comparable sales growth for the full year on the basis of a strong second half. We expect to generate solid free cash flow in 2018, which is, however, expected to be somewhat lower than the level in 2017 due to higher restructuring payments.
Indication of FX impact on Q2 18 and FY 18 financials
Based on the prevailing spot rates at the end of March 2018, the currency impact
- on sales would be around -7% in Q2 18 and -5% for FY 18.
- on the adjusted EBITA margin would be -80 to -100 bps in Q2 18 and -30 to -50 bps in FY 2018
Please note that the final impact is subject to changing spot rates, changes in the footprint, ability to adjust pricing, and hedging results.
As of January 1, 2018, Signify has made some changes to its financial reporting.
Please view the documents for the explanation of the changes and the effects to financial reporting on the (quarterly) prior-year financial statements for 2016 and 2017.