Signify N.V. (PHPPY)
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Signify N.V. (PHPPY) Q4 2024 Earnings Call Transcript
Signify N.V. (OTCPK:PHPPY) Q4 2024 Earnings Conference Call January 24, 2025 3:00 AM ET Company Participants Thelke Gerdes - Head, Investor Relations Eric Rondolat - Chief Executive Officer Željko Kosanović - Chief Financial Officer Conference Call Participants Daniela Costa - Goldman Sachs Akash Gupta - JPMorgan Sven Weier - UBS Martin Wilkie - Citi Marc Hesselink - ING Tim Ehlers - Kepler Cheuvreux Operator Hello and welcome to the Signify's Fourth Quarter and Full Year 2024 Results.
Signify: Threats Still On The Horizon, But Will Inflect Eventually
Signify N.V. has shown sequential improvements in sales and profits, with a compelling valuation at 4.8x EV/EBITDA compared to peers. The conventional lighting segment is declining due to regulatory bans, impacting high-margin products and pressuring overall business performance. Conventional may contribute to renewed sequential pressure once bans start in the US on fluorescent products.
