Light maker Signify's Q2 adjusted core profit misses forecasts

Signify

26/07/2024 06:11

July 26 (Reuters) - Signify  LIGHT.AS , the world's
biggest maker of lights, reported second-quarter adjusted core
profit on Friday that missed expectations, hit by a decline in
the conventional lighting sector and persisting market softness
in China.
    Adjusted earnings before interest, taxes and amortisation
(EBITA) dropped 13.2% on the year to 118 million euros ($128.11
million), falling short of the 138 million analysts expected on
average in a company-compiled consensus.
($1 = 0.9211 euros)

 (Reporting by Alberto Chiumento; Editing by Clarence Fernandez)
 ((Alberto.chiumento@thomsonreuters.com))