Gross margin of Signify (Philips Lighting) 2015-2022
Signify, officially known as Philips Lighting, is a separate company from Philips after their split in 2016. However, Signify is allowed to use the name ‘’Philips’’ up until 2030. Regarding the financial performances, Signify had a gross margin of 2.7 billion euros in 2022. This is an increase compared to the previous year, when the lighting company reached a margin of approximately 2.3 billion euros. Signify registered similar positive results regarding the net income. As of 2022, a net income of 517 million euros was reached, whereas in 2021 this was 407 million.
Digital solutions leading revenue
Examining the total sales revenue of Signify by business group, the professional division generated the highest revenue in 2018. Approximately 4.2 billion euros came from the digital solutions, whereas the digiral products generated around 2.47 billion euros. Categorizing the sales revenue by market, America had the highest sales revenue with nearly three billion euros in 2022.
Decline in Signify’s EBITA in 2020
A way to evaluate a company’s performance without having to factor in different tax environments etc., the earnings before interest, taxation, and amortization (EBITDA) is a good accounting measure. In 2022, Signify had an EBITA of roughly 844 million euros, which is a increase compared to the previous year.
Digital solutions leading revenue
Examining the total sales revenue of Signify by business group, the professional division generated the highest revenue in 2018. Approximately 4.2 billion euros came from the digital solutions, whereas the digiral products generated around 2.47 billion euros. Categorizing the sales revenue by market, America had the highest sales revenue with nearly three billion euros in 2022.
Decline in Signify’s EBITA in 2020
A way to evaluate a company’s performance without having to factor in different tax environments etc., the earnings before interest, taxation, and amortization (EBITDA) is a good accounting measure. In 2022, Signify had an EBITA of roughly 844 million euros, which is a increase compared to the previous year.
