Signify’s first quarter results 2026
April 24, 2026
Signify reports first quarter 2026 results with resilient margins and cash flow amid continued market softness
Highlights1
- Signify's installed base of connected light points increased to 171 million in Q1 26
- Sales of EUR 1,274 million with a CSG of -5.1% (Q1 25: -2.8)
- Adj. EBITA margin of 6.5% (Q1 25: 8.0)
- Net income of EUR 8 million including restructuring costs of EUR 63 million mainly related to the recently announced cost reduction program (Q1 25: EUR 67 million)
- Free cash flow of EUR 47 million (Q1 25: EUR 40 million)
- Signify launched its new Brighter Lives, Better World 2030 program, designed to expand the reach of impactful, energy and resource-efficient lighting to improve lives, save energy, and preserve resources
Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced the company’s first quarter results of 2026.
“In a period of heightened global volatility, we delivered a resilient gross margin and cash flow generation, supported by disciplined cost and price management. Sales were reflective of continued softness in our markets. We are taking actions to outperform the market, while completing our strategic portfolio review to position the company for future success.” said As Tempelman, CEO, Signify.
"We stay close to our customers and suppliers and remain confident in our ability to respond to market risks and opportunities. Based on current market visibility, we confirm our full-year guidance and remain focused on disciplined execution to build momentum through the remainder of 2026."
Brighter Lives, Better World 2030
On March 9th, Signify launched Brighter Lives, Better World 2030, a new program designed to expand the reach of impactful, energy and resource-efficient lighting designed to improve lives, save energy, and preserve resources.
Benefits beyond illumination
Signify aims to expand the role of lighting that improves quality of life: supporting well-being, safety and security in homes, buildings and cities, enabling more efficient food production, and increasing access to solar lighting.
- 2030 ambition: Beyond illumination revenues to reach 41%, rising from 31% in 2024.
Energy efficiency
Through continuous advances in LED and connected lighting, Signify aims to help customers reduce energy use, costs, and resulting emissions.
- 2030 ambition: Deliver a cumulative saving of 60 TWh of energy for customers by 2030
- 2030 ambition: Achieve a 35% reduction in portfolio CO2 annualized emission intensity.
Resource efficiency and circular value
Signify will scale circular products and services that aim to reduce the consumption of virgin materials and energy while delivering long-term customer value.
- 2030 ambition: Reach 27.5% Signify Circle revenues in Professional Europe.
Progress on Signify’s Brighter Lives, Better World 2030 program will be reported on a quarterly basis, in line with the company’s financial results starting in Q2 2026.
Outlook
Signify anticipates the challenging conditions to persist through 2026. Considering the diverging dynamics in its end markets, the company is not providing guidance on full-year sales at this stage. Signify continues to expect an adjusted EBITA margin of 7.5-8.5%, and free cash flow generation of 6.5-7.5% of sales.
For the full and original version of the press release click here
Conference call and audio webcast
As Tempelman (CEO) and Željko Kosanović (CFO) will host a conference call for analysts and institutional investors at 9:00 a.m. CET to discuss the first quarter 2026 results. A live audio webcast of the conference call will be available via the Investor Relations website.
Financial calendar 2026
April 24, 2026: Annual General Meeting of Shareholders
April 30, 2026: Ex-dividend date
May 4, 2026: Dividend record date
May 11, 2026: Dividend payment date
June 23, 2026: Capital Markets Day
July 24, 2026: Second quarter results 2026
October 23, 2026: Third quarter results 2026
1This press release contains certain non-IFRS financial measures and ratios, which are not recognized measures of financial performance or liquidity under IFRS. For further details, refer to "Non-IFRS Financial Measures" in "Important information" of this press release.
Important information
Forward-Looking Statements and Risks & Uncertainties
This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Signify N.V. (the “Company”, and together with its subsidiaries, the “Group”), including statements regarding strategy, estimates of sales growth and future operational results.
By their nature, these statements involve risks and uncertainties, and there may be many factors that could cause actual results or outcomes to differ materially from those expressed in or implied by these statements. These risks, uncertainties and other factors include macroeconomic volatility, geopolitical and regulatory changes including trade tariffs, competitive price pressure, technological disruptions, reduced governmental funding for energy efficiency and sustainability, currency risks, changes in international tax laws, effects of environmental crises, climate change and natural disasters, cybersecurity risk, and export controls and sanctions.
The above risks may not include all factors that ultimately affect the Group. Additional risks and uncertainties that are currently not known to the Group or not considered material may have a material adverse effect on the business, strategy, results of operations, financial condition and prospects of the Group, or prevent the forward-looking events discussed from occurring. The Group undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Market and Industry Information
All references to market share, market data, industry statistics and industry forecasts in this document consist of estimates compiled by industry professionals, competitors, organizations or analysts, of publicly available information or of the Group’s own assessment of its sales and markets. Rankings are based on sales unless otherwise stated.
Non-IFRS Financial Measures
Certain parts of this document contain non-IFRS financial measures and ratios, such as comparable sales growth, adjusted gross margin and indirect costs, EBITA, adjusted EBITA, free cash flow, Net debt, Working capital, Brighter lives revenues, Circular revenues and other related ratios, which are not recognized measures of financial performance or liquidity under IFRS. The non-IFRS financial measures presented are measures used by management to monitor the underlying performance of the Group’s business and operations. Not all companies calculate non-IFRS financial measures in the same manner or on a consistent basis and these measures and ratios may not be comparable to measures used by other companies under the same or similar names. A reconciliation of a number of non-IFRS financial measures to the most directly comparable IFRS financial measures is contained in appendix B, Reconciliation of non-IFRS financial measures, of this document. For further information on non-IFRS financial measures, see "Chapter 18 Reconciliation of non-IFRS measures" in the Annual Report 2025.
Presentation
All amounts are in millions of euros unless otherwise stated. Due to rounding, amounts may not add up to totals provided. All reported data is unaudited. Unless otherwise indicated, financial information has been prepared in accordance with the accounting policies as stated in the Annual Report 2025.
Market Abuse Regulation
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
For further information, please contact:
Signify Investor Relations
Thelke Gerdes
Tel: +31 6 1801 7131
E-mail: thelke.gerdes@signify.com
Signify Corporate Communications
Tom Lodge
Tel: +31 6 5252 5416
E-mail: tom.lodge@signify.com
Media Assets
About Signify
Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers. We proudly bring to market the world’s best lighting brands, from Signify, Philips, Philips Hue, Signify Interact, Signify Dynalite, Color Kinetics and many more. Our advanced products, connected systems and services unlock the extraordinary potential of light for brighter lives and a better world. In 2025, we had sales of EUR 5.8 billion, approximately 27,000 employees, and a presence in over 70 markets. We are in the Dow Jones Sustainability World Index and hold the EcoVadis Platinum rating.
News and updates from Signify can be found in the Newsroom, on LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
