Brief: Signify 2029 Objectives: 0-1% Sales Growth, Adjusted Ebita Margin C. 10%
BRIEF-Signify 2029 Objectives: 0-1% Sales Growth, Adjusted Ebita Margin C. 10% June 23 (Reuters) - Signify NV LIGHT.AS:
INTRODUCES STRATEGY TO CREATE MORE FOCUSED, BETTER-PERFORMING COMPANY
SETS 2029 OBJECTIVES: 0-1% SALES GROWTH, ADJUSTED EBITA MARGIN C. 10%, FCF 7-8% OF SALES
DOES NOT INTEND TO RESUME 2025 SHARE REPURCHASE PROGRAM
UPDATES DIVIDEND POLICY TO 40-50% PAY-OUT OF CONTINUING NET INCOME
TO PROPOSE REBALANCED DIVIDEND PER SHARE FOR 2026 FINANCIAL YEAR
2029 UPDATED DIVIDEND POLICY TO PAY AN ANNUAL CASH DIVIDEND WITH A PAY-OUT RATIO OF 40-50% OF CONTINUING NET INCOME*
WILL INVEST IN BUILD AREAS WHERE SIGNIFY HAS A STRONG RIGHT TO WIN, INCLUDING CONNECTED LIGHTING, CONSUMER, SELECTED PROFESSIONAL SEGMENTS AND A MORE FOCUSED GEOGRAPHIC PRESENCE
DOES NOT INTEND TO RESUME SHARE REPURCHASE PROGRAM ANNOUNCED IN 2025
Source text: ID:nGNE7BJK44
Further company coverage: LIGHT.AS
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