Press Release — July 24, 2026

Signify reports second quarter 2026 results, implements new strategy in a mixed market and confirms full year guidance.

Key Highlights

• Sales: EUR 1,332 million, with comparable sales growth (CSG) of -3.6% (Q2 25: -1.4%)
• Adjusted EBITA margin: 6.1% (Q2 25: 7.8%)
• Net income: EUR 17 million, including EUR 31 million in restructuring costs primarily related to the current cost reduction program (Q2 25: EUR 57 million)
• Free cash flow: EUR 35 million (Q2 25: EUR 36 million)
• First-time reporting on the Brighter Lives, Better World 2030 program confirms strong progress, with all sustainability targets on track

Eindhoven, the Netherlands — Signify (Euronext: LIGHT), the world leader in lighting, today announced its second quarter results of 2026.

The results show the company managing weaker comparable sales and lower profitability while continuing to implement its portfolio strategy. Signify’s confirmation of full-year guidance places additional focus on second-half execution, including the pricing actions and cost initiatives cited by management.

CEO Commentary

"Our second-quarter performance reflects both a mixed market environment and early progress in executing our strategy across the Build and Harvest portfolios," said As Tempelman, CEO of Signify.

In the Build portfolio, the company saw continued momentum in Professional projects in the US and Emerging Markets. This was offset by weaker demand in Europe and continued softness in the stock & flow segment. In Consumer, connected offerings continued to deliver strong sell-out, while sell-in was affected by ongoing retailer inventory adjustments.

In the Harvest portfolio, upstream manufacturing activities including Klite and OEM continued to face challenging demand and supply conditions. At the same time, downstream businesses, including consumer lamps and Conventional, performed ahead of expectations.

"While profitability was impacted by the lower contribution from our Consumer business, we are taking actions to improve this performance. With targeted price increases and ongoing cost initiatives, we are confident in delivering stronger profitability in the second half of the year," Tempelman added.

"We are encouraged by the engagement of our people as we bring our strategy to life. By executing with greater focus and discipline, strengthening commercial and operational performance, and putting customers at the centre of everything we do, we are building a more focused, better performing Signify that is well positioned to create sustainable value for our stakeholders."

Outlook

The company continues to execute its strategy across all performance areas and expects to deliver improved performance in the second half of the year. Signify confirms its full-year guidance of an adjusted EBITA margin of 7.5–8.5% and free cash flow generation of 6.5–7.5% of sales.

Investors and industry observers will likely watch whether Professional project momentum in the US and Emerging Markets, Consumer sell-out trends, and the company’s cost reduction program translate into the stronger profitability profile needed to meet that guidance range.

Conference Call and Audio Webcast

As Tempelman (CEO) and Željko Kosanović (CFO) will host a conference call for analysts and institutional investors at 9:00 a.m. CET to discuss the second quarter and half-year 2026 results. A live audio webcast will be available via the Investor Relations Website.

---

¹ This press release contains certain non-IFRS financial measures and ratios, which are not recognized measures of financial performance or liquidity under IFRS. For further details, refer to "Non-IFRS Financial Measures" in "Important information" of this press release.

Source: GlobeNewswire