On January 26, 2024, Signify (formerly Philips Lighting) presented the figures for the quarter that ended on December 31, 2023.
Earnings per share were EUR 0.440. In the same quarter last year, the company reported a profit of EUR 0.670 per share.
With sales of EUR 1.73 billion, compared to EUR 1.98 billion in the same quarter of the previous year, a decline in sales of 12.34 percent was presented.
Analysts had expected earnings per share of EUR 0.792 for the quarter. They had estimated the sales forecast at EUR 1.76 billion.
Earnings per share for the full year amounted to EUR 1.59. In the previous year, Signify (formerly Philips Lighting) earned EUR 4.18 per share.
On the sales side, a reduction compared to the previous year of 10.78 percent was reported. Sales in the past financial year were EUR 6.70 billion. In the previous year, the company had sales of EUR 7.51 billion.
Analysts had estimated earnings per share of EUR 2.62 for the financial year. The experts had estimated sales at EUR 6.75 billion.
Editorial team finanzen.net
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