Netherlands' Signify Q1 sales fall 5.1%, margin declines

Signify NV

24/04/2026 06:09

Overview

Netherlands lighting firm's Q1 sales declined 5.1% yr/yr amid continued market softness

Adjusted EBITA margin for Q1 fell to 6.5% from 8% last yr

Company launched Brighter Lives, Better World 2030 sustainability program

Outlook

Signify expects challenging market conditions to persist through 2026

Company is not providing full-year sales guidance at this stage

Signify continues to expect adjusted EBITA margin of 7.5-8.5% and free cash flow of 6.5-7.5% of sales

Result Drivers

MARKET SOFTNESS - Co said sales reflected continued softness in its markets

COST AND PRICE MANAGEMENT - Resilient gross margin and cash flow supported by disciplined cost and price management, per CEO As Tempelman

RESTRUCTURING COSTS - Net income included EUR 63 mln in restructuring costs mainly related to a recently announced cost reduction program

Company press release: ID:nGNE31bFQB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 1.27 bln
Q1 Adjusted EBITA Margin
6.5%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 5 "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Signify NV is €20.00, about 3.4% above its April 23 closing price of €19.35

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)