Signify , the world’s biggest lights maker, on Thursday announced a 180-million-euro ($214.5 million) cost reduction initiative and a broad review of the business under its new chief executive, after it reported weaker-than-expected annual results.
The Dutch group reported full-year sales of 5.77 billion euros, missing analysts’ consensus of 5.81 billion euros, and adjusted earnings before interest, taxes and amortisation (EBITA) of 511 million euros, which was 30 million euros less than analys… [853 chars]
Source: Reuters | Published: 2026-01-30T06:32:39Z
Credit: Reuters
