Signify reports 4.4% sales drop as dollar and yuan depreciate

Signify

25/07/2025 06:12

July 25 (Reuters) - Dutch lighting manufacturer Signify LIGHT.AS on Friday reported a 4.4% drop in its second-quarter nominal sales to 1.418 billion euros ($1.66 billion), partly due to a 3% currency hit from weakening of the U.S. dollar and the Chinese yuan.

Analysts had forecast sales of 1.415 billion euros, a company-provided consensus showed.

($1 = 0.8517 euros)

 (Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

 ((Leo.Marchandon@thomsonreuters.com;))