The lighting firm’s adjusted EBITA fell 26.7% to €81M on weaker demand and currency headwinds.
Signify NV reported a 70.2% plunge in Q2 net income to €17M as sales declined 6.0% to €1.33B. Adjusted EBITA dropped 26.7% to €81M, reflecting lower volumes and a 2.5% currency impact.
Comparable sales growth fell 3.6%, while adjusted gross margin narrowed to 39.3% from 40.4% a year earlier. EBIT slumped 51.2% to €41M, underscoring margin pressure amid softer demand.
The company did not disclose immediate market reaction.