Signify's Q3 core profit hit by weak China, professional segment in Europe

Signify

25/10/2024 06:16

Oct 25 (Reuters) - Signify  LIGHT.AS , the world's
biggest maker of lights, on Friday reported third-quarter core
profit that slightly missed market expectations, hit with
continued weakness in China and its professional business in
Europe.
    The Dutch group's adjusted earnings before interest, tax and
amortisation (EBITA) fell 8.7% from a year earlier to 161
million euros ($174 million), below analysts' average forecast
of 163 million euros in a company-provided consensus.
($1 = 0.9242 euros)

 (Reporting by Leo Marchandon in Gdansk; editing by Milla Nissi)
 ((Leo.Marchandon@thomsonreuters.com;))