Outlook 2019
We confirm our outlook that in 2019 our growing profit engines (LED, Professional and Home combined) are expected to deliver a comparable sales growth in the range of 2% to 5%.
Our cash engine, Lamps, is expected to decline at a slower pace than the market, in the range of -21% to -24% on a comparable basis.
For total Signify, we aim to reach an Adjusted EBITA margin in 2019 within the range of 11% to 13% set at the time of the IPO in May 2016. In 2019, we expect free cash flow, excluding the positive impact from IFRS 16, to be above 5% of sales.
Indication of FX impact on Q3 19 and FY 19 financials
Based on the prevailing spot rates at the end of June 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.
October 1, 2019
Start of the closed period
October 25, 2019
Third quarter results 2019
November 12, 2019
Conference London – UBS