In This Article:
Signify (AMS:LIGHT) Full Year 2024 Results
Key Financial Results
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Revenue: €6.14b (down 8.4% from FY 2023).
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Net income: €328.0m (up 62% from FY 2023).
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Profit margin: 5.3% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses.
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EPS: €2.60 (up from €1.61 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Signify EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 5.8%.
The primary driver behind last 12 months revenue was the Professional segment contributing a total revenue of €3.93b (64% of total revenue). Notably, cost of sales worth €3.64b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €1.70b (78% of total expenses). Explore how LIGHT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe.
Performance of the market in the Netherlands.
The company's shares are down 6.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Signify you should know about.
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