Lighting company Signify recorded a decline in both revenue and net profit in the third quarter of 2025. Revenue came to nearly 1.41 billion euros, down more than 8 per cent from the same quarter last year. Net profit fell from 108 million euros to 76 million euros.
© Signify
According to the new CEO, As Tempelman, who took over on 1 September, market conditions are challenging. Price pressure is especially prevalent in Europe, while the US market is growing slower than expected. "Weak demand and price pressure in Europe, combined with a slower US market, are negatively affecting our performance," Tempelman said.
The OEM division, responsible for components for other companies, saw demand fall further and struggled with fewer orders from two major customers. In addition, a fall in the value of the US dollar depressed sales by about 4.5 per cent. Comparable sales fell 3.9 per cent.
As a result of these developments, Signify revised down its revenue forecast for 2025, despite earlier forecasts. Tempelman stressed that the company remains focused on innovation and efficiency to mitigate the impact of difficult market conditions.
Signify, which operates globally in lighting and smart lighting solutions, remains committed to both professional and consumer markets, but warns that the current economic situation, especially in the US and in component deliveries, will negatively impact results this year.
More information:
Signify
www.signify.com
