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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 32,130 at the end of 2017.
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:

 

  • Lamps targets medium-term Adjusted EBITA margin of at least 16% 
  • LED targets an Adjusted EBITA margin in the range of 10-12% by 2019 
  • Professional targets an Adjusted EBITA margin in the range of 11-14% by 2019
  • Home targets an Adjusted EBITA margin in the range of 5-8% by 2019
When is the next Annual General Meeting of Shareholders?
The date of the next Annual General Meeting of Shareholders will be announced on the financial calendar page.
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?
Signify’s issued share capital consists of 138 million ordinary shares.
What is Signify’s shareholder structure?
Signify has a free float of around 80% and 138 million of ordinary shares outstanding. Royal Philips is our largest shareholder with a holding of 18%. 

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 Dutch 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 Signify can be found here.

Treasury shares are above 3% as a result of the EUR 230m share repurchase program. In due course, the shares repurchased under this program will be cancelled. (<detail can be found here>)
Does Signify have a share buyback program?
Given the company’s capital position while maintaining a compatible investment-grade profile, Signify plans to return additional capital to shareholders. For 2018, the company intends to repurchase shares for an amount of up to EUR 300 million, in the open market and by participating in potential share disposals by its main shareholder. In July 2018, Signify announced the start of the share repurchase program to buy back up to EUR 230 million of its own shares to reduce the company’s capital. In February 2018, Signify repurchased 2.2 million of its shares for an aggregate amount of EUR 71 million. These shares were cancelled in May 2018. In 2017, Signify repurchased 9.8 million shares from Royal Philips for an aggregate amount of EUR 272 million. These shares were cancelled. The press releases and other information related to our share repurchases can be found on our share repurchases page.
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.

IR Starter-kit

 

Download here the starter-kit

Calendar

 

January 1, 2019

Start of the closed period

February 1, 2019

Fourth quarter and full year results 2018

 

Contact us

 

Contact Investor relations

+31 20 60 91 000

IR@signify.com

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