Signify: FY 2019 earnings up 2%
(CercleFinance.com) - Signify has reported FY 2019 earnings that are up 2% at 267 million euros, with a 30-bp improvement in its adjusted EBITA margin to 10.
4% for sales that are down 1.8% at 6.25 billion euros (-4.6% on a comparable basis).
The Dutch lighting solutions specialist will offer a dividend of 1.35 euro per share in cash for 2019, up 3.8% and representing a payout rate of 47%.
For 2020, Signify aims to further improve its adjusted EBITA margin and free cash flow - representing at least 6% of sales - note that these are targets that exclude the announced acquisition of Cooper Lighting Solutions.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
4% for sales that are down 1.8% at 6.25 billion euros (-4.6% on a comparable basis).
The Dutch lighting solutions specialist will offer a dividend of 1.35 euro per share in cash for 2019, up 3.8% and representing a payout rate of 47%.
For 2020, Signify aims to further improve its adjusted EBITA margin and free cash flow - representing at least 6% of sales - note that these are targets that exclude the announced acquisition of Cooper Lighting Solutions.
Copyright (c) 2020 CercleFinance.com. All rights reserved.