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LIGHT Signify NV News Story

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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%

- 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


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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