Sales distribution of Signify (Philips Lighting) 2022, by business area

Signify, before May 2018 officially known as Philips Lighting, is a separate company from Philips after their split in 2016. In terms of the financial performance, 52 percent of the total sales of Signify came from the digital solutions in 2021, whereas digital products made up 36 percent fo their sales.

Sales revenue of Signify by markets

Categorizing the sales revenue of Signify by market, the lighting company generated its highest revenue within Americas in 2022. Approximately 2.2 billion euros were generated in the European market, whereas a little nearly three billion euros were reached in the Americas. Concerning the sales by country, Signify saw the sales revenue amount to 655 million euros in the Netherlands, whereas in Germany 421 million euros were generated. The highest revenue was reached in the United States with 2.5 billion euros.

Net income of Signify

The net income of Signify had increased since 2016 whereas the income stood at 185 million euros. By 2022, Signify's revenue increased to around 517 millions euros, representing a steady annual increase in net income since 2019.