Signify: CEO says company can compensate for possible new China, Mexico tariffs

Signify

24/01/2025 08:56

AMSTERDAM, Jan 24 - Signify  LIGHT.AS  does not expect
possible new tariffs imposed by the U.S. to significantly impact
the Dutch lighting maker's financial performance, its chief
executive said on Friday.
    "When we look at our Chinese imports to our U.S. business,
it's less than 20% of what we import," Eric Rondolat said on a
call with analysts after the company reported fourth quarter
earnings. 
    Signify, like its competitors, has significant production in
both China and Mexico, markets which U.S. President Donald Trump
has targeted for possible tariff increases.
    "We believe we will find a way to compensate through
footprint and price increases," Rondolat said.

 (Reporting by Toby Sterling; editing by Jason Neely)
 ((amsterdam.newsroom@thomsonreuters.com))