Sales revenue of Signify (Philips Lighting) 2016-2022, by market

In 2022, Signify generated the most revenue in Europe and the Americas. Over 2.2 billion euros of sales revenue came from the European market, whereas nearly three billion euros were from the Americas market.

Annual decrease in sales revenue of Signify

Signify is a Dutch producer of lighting sources and was formerly a division of Philips (Philips Lighting). However, Signify is allowed to use the brand name Philips for their products up until 2030. As of 2022, the total sales of the lighting producer amounted to over 7.5 billion euros. This is a considerable increase compared to previous years, with the lowest sales revenue in the period between 2015 to 2018. Most of Signify’s sales came from the digital solutions. Digital solutions represented around 56 percent of the total sales in 2022, whereas the two divisions digital products and conventional products each had a share of 33 and 11 percent of the total sales, respectively.

Net income of Signify

As of 2022, Signify had a net income of roughly 532 million euros. This is represents a significant increase compared to 2021, when the company generated some 407 million euros in net income. Signify's lowest net income was in 2016, when Signify generated 185 million euros.