Q2 2026 Signify NV Earnings Call Transcript

Jul 24, 2026 / 07:00AM GMT

Release Date Price: €14.4 (-11.74%)

Transcript

Key Points

Positve

Professional projects continue to grow in the United States and Rest of the World, outperforming the markets.
Connected lighting sales to consumers remained strong, reflecting strong underlying demand.
Continued growth in India and luminaires growth worldwide.
Conventional business delivered a strong recovery in profitability, showcasing effective strategy execution.
Positive employee engagement and response to the new strategy, critical for execution with focus and discipline.

Negative

Professional stock and flow remained weak across most geographies, particularly in Europe.
Retailer destocking continued to weigh on sell-in, impacting both top and bottom lines.
KLite and OEM faced demand challenges, with KLite affected by component availability and cost inflation.
Adjusted EBITA margin declined due to lower gross margin in consumer and higher input costs.
OEM business experienced a 12% sales decline due to continued market softness, particularly in Europe and the US.

Operator

Hello, and welcome to Signify's second quarter and half year 2026 results conference call, hosted by As Tempelman, CEO; Å½eljko KosanoviÄ, CFO; and Thelke Gerdes, Head of Investor Relations.

(Operator Instructions)

I would now like to give the floor to Thelke Gerdes. Ms. Gerdes, please go ahead.

It appears we have some technical difficulties. Please hold on.

As Tempelman

Signify NV - Chief Executive Officer, Member of the Management Board

Sure. Thank you, operator.

Operator

Welcome to the Signify's second quarter and half year 2026 results conference call, hosted by As Tempelman, CEO; Å½eljko KosanoviÄ, CFO; and Thelke Gerdes, Head of Investor Relations.

(Operator Instructions)

I would now like to give the floor to Thelke Gerdes. Ms. Gerdes, please go ahead.

Thelke Gerdes

Signify NV - Head of Investor Relations

Good morning, everyone, and welcome to Signify's second quarter 2026 earnings call.

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