Signify

News Summary:

On August 20, 2026, Signify completed its acquisition of Fluence, a horticultural lighting technology provider. This acquisition strengthens Signify's global Agriculture lighting growth platform and extends its position in the North American horticultural lighting market, with Fluence operating as an integrated business unit within Signify's agricultural lighting business in the Digital Solutions Division. Previously, on August 17, 2026, Signify reported its 2022 performance, achieving EUR 7514 million in sales with 1.2% comparable sales growth and a 10.1% Adjusted EBITA margin, while generating EUR 445 million in free cash flow. Digital divisions accounted for over 85% of sales, profit, and cash, and the company increased connected light points to 114 million globally. Earlier the same day, Signify disclosed its 2021 financial and sustainability performance, showing sales of EUR 6860 million, 3.8% comparable sales growth, and an improved adjusted EBITA margin of 11.6%, with free cash flow reaching EUR 614 million. The company noted it strengthened its business through acquisitions, including the planned acquisition of Fluence, and achieved 96 million connected light points globally. This followed Signify's 2024 annual report, also published on August 17, 2026, which highlighted a 7% increase in sales and a 10.8% rise in adjusted EBITA margin, alongside a 12.4% reduction in cumulative carbon emissions and a 33% increase in circular revenues, underscoring its Brighter Lives Better World 2025 program and Climate Transition Plan to cut greenhouse gas emissions by 90% by 2040.