Q3 2025 Signify NV Earnings Call Transcript
Key Points
- Signify NV (PHPPY) reported strong growth in its consumer business, particularly in India, driven by the expansion of its product portfolio.
- The company saw high single-digit growth in connected and specialty lighting across both professional and consumer segments.
- Signify NV's agricultural lighting business delivered a strong seasonal performance, helping to offset weaker areas of the portfolio.
- The company successfully launched new products, including the Philips Hue system, which exceeded expectations and boosted demand.
- Signify NV is ahead of schedule in reducing greenhouse gas emissions and has exceeded its targets for circular revenues and brighter lives revenues.
- Signify NV experienced an 8.4% decrease in nominal sales, impacted by a negative currency effect and a decline in comparable sales.
- The professional business faced continued softness in key European markets and slower demand in the US, particularly in public sector projects.
- The OEM business saw further demand compression and persistent price pressure, especially in Europe.
- The adjusted EBITDA margin decreased by 80 basis points to 9.7%, reflecting challenges in the OEM and conventional businesses.
- Net income decreased to €76 million due to lower income from operations and higher income tax expenses.
Hello. Welcome to the Signify 3rd quarter 2025 results conference call hosted by us, Templeman, CEO Soko Kosanovic, CFO and Telka Gerdes, head of investor relations.
For the first part of this call, all participants will be in listen-only mode, and afterwards there will be a question-and-answer session. If you wish to ask a question, please press Keyound 5 on your telephone keypad. Please note that you're limited to one question and a follow-up per round. I would now like to give the floor to Delpa Gerdes. Ms. Gerdes, please go ahead.
Good morning everyone and welcome to Signify's earnings call for the 3rd quarter of 2025. With me today are A Templemans, signifies CEO, andzeo Kosanovic, signifies CFO. I would first of all like to welcome us to his first earnings call and signifies new CEO.
During this call, I will take you through the 1st, the 3rd quarter and business highlights. After that, he will hand over to ZEO, who will present the company's financial and sustainability performance.
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