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Outlook 2019
Although sales in the second half of the year are impacted by continuing deteriorating market conditions, Signify remains confident that it will be able to improve its Adjusted EBITA margin for 2019, albeit somewhat less than previously anticipated. Signify now expects the Adjusted EBITA margin to be in the range of 10.3% to 10.6%.
The comparable sales growth of the growing profit engines (LED, Professional and Home combined) for 2019 is expected to be flat. The comparable sales growth of BG Lamps for 2019 is expected to decline at a pace which is towards the higher end of the previously indicated range of -24% to -21%.
The company confirms that its free cash flow, excluding the positive impact from IFRS 16, is expected to be above 5% of sales.
Indication of FX impact on Q4 19 and FY 19 financials
Based on the prevailing spot rates at the end of September 2019, the currency impact
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.
January 1, 2020
Start of the closed period
January 31, 2020
Fourth quarter & full year results 2019
February 25, 2020
Annual Report 2019