(CercleFinance.com) – Signify shares gained more than 11% this Friday on the Amsterdam Stock Exchange following the announcement by the specialist in light bulbs and lighting systems of rising quarterly results.
The group reported this morning a turnover of just over two billion euros for its fourth quarter, which corresponds to an increase of 4.5% on a like-for-like basis.
Its net profit stood at 170 million euros for the past quarter, compared to 137 million euros in the fourth quarter of the 2020 financial year.
In a press release, Signify explains that these results are due to strong demand for its connected lighting services and a catch-up effect following the postponement of orders.
Despite the rise in the costs of materials, components and logistics services, its operating margin even improved in 2021 for the eighth consecutive year, to 11.6% against 10.7% a year earlier. notice it.
The Dutch group, which continues to market its products under the Philips brand, still says it expects some volatility in its business during the first half.
The company nevertheless says it foresees a “new year of growth” in 2022, expecting a growth in its turnover between 3% and 6% on a comparable basis.
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