Corrected: BUZZ-Signify rises after forecast-beating Q3 profitability
CORRECTED-BUZZ-Signify rises after forecast-beating Q3 profitability Specifies that Q3 EBITA is an adjusted figure in bullet 2
** Shares in world's largest lighting maker Signify LIGHT.AS rise close to 8% tracking its best intra-day gain in two years, on forecast-beating Q3 profitability boosted by US tariff refund
** Q3 adjusted EBITA came in at €145 million ($163 million), above the €113 million in a company-compiled consensus
** US tariff refund resulted in a benefit of €28 million
** Signify now expects to reach the top end of its 2026 adjusted core profit margin target range of 7.5% to 8.5%
** "The margin beat supported the stock a bit today especially given the very weak performance in 1H26 which probably resulted in low expectations," ING analyst Marc Hesselink said
** Up to the previous session's close, shares were down 32.5% YTD
($1 = 0.8921 euros)
(Reporting by Mateusz Rabiega and Mathias de Rozario in Gdansk)
((Mateusz.rabiega@thomsonreuters.com; Mathias.deRozario@thomsonreuters.com))
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