Signify: Q1 sales up 11.8% to E1.8bn

(CercleFinance.com) - The global leader in lighting today announced Q1 2022 results, including sales that are up 11.
8% to 1,788 million euros and CSG of 6.4%. LED sales represented the lion's share - 84% of total sales - (up from 82% in Q1 2021).

Meanwhile, its adjusted EBITA margin came in at 10.5% (vs. 10.8% in Q1 2021). At the bottom line, net profit was 87 million euros (compared to 60 million euros for Q1 2021). Finally, net debt/EBITDA was 1.6x (compared to 1.4x in Q1 2021).

The group said that it achieved 6.4% growth in Q4 and maintained a strong double-digit adjusted EBITA margin. Global supply chain disruptions negatively impacted cash flow, however. In summary, it expects a positive readjustment as the year progresses.

Investors have their spotlights on the share this lunchtime, with it currently up 3% at just over 40 euros.


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