Signify announces CEO departure, posts 2024 core profit below expectations

Signify

24/01/2025 06:12

Jan 24 (Reuters) - Signify  LIGHT.AS , the world's
biggest maker of lights, on Friday reported a bigger than
expected drop in its full-year core profit and said CEO Eric
Rondolat would step down after the annual general meeting in
April.
    The Dutch group's adjusted earnings before interest, taxes
and amortisation (EBITA) fell 9.6% to 606 million euros ($633
million) in 2024, below analysts' average forecast of 611
million euros seen n a company-provided consensus.
($1 = 0.9568 euros)

 (Reporting by Leo Marchandon and Hugo Lhomedet in Gdansk;
Editing by Milla Nissi)
 ((Leo.Marchandon@thomsonreuters.com;
hugo.lhomedet@thomsonreuters.com))