Signify Q1 Net Profit Drops 88% YoY

Signify NV reported Q1 net income of €8 million, down from €67 million a year earlier, a sharp 88% decline.
Revenue fell 5.1% to €1.27 billion on a comparable basis, while adjusted EBITA margin slipped to 6.5% from 8%.
Restructuring costs of €63 million hit earnings, but free cash flow improved to €47 million versus €40 million previously.
CEO As Tempelman said challenging demand will persist through 2026; company kept adjusted EBITA margin target 7.5‑8.5% and free‑cash‑flow 6.5‑7.5% of sales.