In this Research Note, we examine the lighting business of Signify, based on their 2025 annual results announced on 30th January 2026. We present financial highlights for the overall business and the Professional Lighting segment, before commenting on a notable UK partnership and a Canadian acquisition. Signify, headquartered in Eindhoven, the Netherlands, is a global vendor of conventional lighting, LED, and connected lighting, with approximately 27,000 employees, and a presence in over 70 markets. Signify 2025 Financial Highlights Signify’s installed base of connected light points increased to 167 million at the end of 2025 FY 25 sales of EUR 5,765 million decreased by 6.2%, with a comparable sales decrease of 3.4% Adj. EBITA margin of 8.9% in FY 25 (FY 24: 9.9%) Net income of EUR 259 million (FY 24: EUR 334 million) They have initiated a cost reduction program of EUR 180 million, which will impact 900 roles across the business. To focus the […]