Considering the persistent uncertainty about the future course of the pandemic, and the length and depth of the impact on the global economy, Signify still does not provide financial guidance at this point in time. However, Signify is confident in the underlying resilience of its businesses and operating model, and that its liquidity needs are well covered by the financial framework it has in place. In line with the company’s policy to prioritize future deleveraging, Signify confirms its intention to utilize up to EUR 350 million to reduce gross debt in 2020.
Indication of FX impact for 2020
Based on the prevailing spot rates at the end of June 2020, the currency impact
- on sales is expected to be around -2.3% in Q3 and around -1.4% for FY 20
- on the adjusted EBITA margin is expected to be neutral in Q3 and around -10 bps for FY 20
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 the second quarter of 2020, Signify is adapting its segment reporting
Please view the document for the explanation of the changes and the relevant quarterly and full-year financial performances since 2018, based on the adapted segment reporting.