Lighting

Signify’s Lighting Business 2021 Examined

In this Research Note, we examine the lighting business of Signify, based on their 2021 annual results, investor presentations and lighting technology-related activities throughout 2021. Signify, headquartered in Eindhoven, the Netherlands, is the global market leader in energy-efficient lighting systems and services. The business, employing 38,000 people in 74 countries, reported 2021 sales of EUR 6,860 million and operational profitability of 11.6% on 28th January 2022. Full year sales increased by 5.5% while comparable sales grew by 3.8% in 2021. Despite the significant cost increases of raw materials, components, and logistics, the business expanded their operational profit margin for the eighth consecutive year, with an improvement of 90 basis points. This was driven by the strong performance of their two digital business units, which combined now account for more than 80% of their sales, profit and cash flow. These improved results follow two challenging years in 2019 and 2020 with declining sales on a comparable basis, due to weak market conditions caused […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now for just $180 USD per year per user ( just $15 USD per month) for Access to Quality Independent Smart Building Analysis!

What Exactly Do you Get?

  • Read every article published in full and get unlimited access to our archive of over 1,400 articles.
  • 10% discount on ALL Memoori Research reports for Subscribers! So if you only buy ONE report you will get your subscription fee back!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Security

Mapping the Strategic Direction of Johnson Controls – Part 2

This Research Note examines the emerging strategic priorities of Johnson Controls (JCI) in physical and cyber security. We have mapped acquisitions, divestments, strategic partnerships and investment activity to ascertain the growth ambitions of the group, by categorizing the various business relationships by technology and investment type over a 3-year period. This article, part 2 of a 2-part analysis, […]

Security

Mapping the Strategic Direction of ADT Security

In this research note, we map the strategic direction of US security alarms and monitoring services provider ADT. This analysis focuses on the acquisition, investment and partnership moves they have made in Smart Home, Mobility and Connectivity / Cyber Security. ADT Reported revenues of $5.3 billion in 2021, They met or exceeded guidance from the […]

Smart Buildings

Smart Buildings Are Being Forced into a Cyber AI Arms Race

Cyber-attacks now rank alongside natural disasters and climate change as one of humanity’s top ten risks globally, according to the World Economic Forum. Like pandemics and global economic crises, a wide range of buildings, businesses, public services, and almost every facet of society is at risk after the widespread proliferation of connected technologies, such as the […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.

    1. Please enter a valid email

    2. Please enter your name

      Please enter company name

    3. By signing up you agree to our privacy policy