Signify publicizes CEO departure, posts 2024 core revenue under expectations


(Reuters) – Signify, the world’s greatest maker of lights, on Friday reported an even bigger than anticipated drop in its full-year core revenue and stated CEO Eric Rondolat would step down after the annual basic assembly in April.

© Reuters. FILE PHOTO: Overview of Amsterdam's stock exchange interior  in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo

The Dutch group’s adjusted earnings earlier than curiosity, taxes and amortisation (EBITA) fell 9.6% to 606 million euros ($633 million) in 2024, under analysts’ common forecast of 611 million euros seen n a company-provided consensus.

($1 = 0.9568 euros)

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