Categories: Stock Market News

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.

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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