Signify Announces Share Repurchase Update for June 2025

Eindhoven, the Netherlands – On June 23, 2025, Signify (Euronext: LIGHT), the global leader in lighting solutions, announced its latest update regarding its share repurchase program. During the period from June 16 to June 20, 2025, the company repurchased a total of 206,615 shares at an average price of EUR 22.49 per share, amounting to an aggregate expenditure of EUR 4.6 million.

This repurchase is part of Signify's ongoing share buyback initiative, which was initially announced on February 4, 2025. To date, the company has repurchased a total of 3,039,145 shares under this program, with a cumulative financial commitment of EUR 61.2 million. The decision to repurchase shares underscores Signify's commitment to optimizing its capital structure and delivering value to its shareholders.

According to Thelke Gerdes, Head of Investor Relations at Signify, "The share repurchase initiative reflects our confidence in the company’s long-term growth potential and our commitment to return capital to our shareholders."

Signify's strategy involves utilizing the repurchased shares to reduce the company's capital, thereby enhancing shareholder value. This move aligns with the company's broader goals of achieving sustainable growth and maintaining a strong financial position.

In 2024, Signify reported sales of EUR 6.1 billion, underlining its prominent position in the lighting industry. The company employs approximately 29,000 individuals and operates in over 70 countries, demonstrating its extensive reach and impact on global lighting solutions.

The share repurchase program is part of Signify's ongoing efforts to bolster its market presence and deliver innovative lighting solutions, including its well-known Philips products and advanced Interact systems. According to recent reports, Signify has maintained its position in the Dow Jones Sustainability World Index for eight consecutive years, reflecting its commitment to sustainable business practices.

As the company moves forward, stakeholders are keenly observing the implications of these repurchases on market performance and shareholder returns. Analysts suggest that continued buybacks could be a strategic move for Signify, especially in light of increasing competition in the lighting sector.

Looking ahead, experts predict that the ongoing repurchase program, combined with innovative product offerings, could enhance Signify's market share and drive long-term profitability. Investors and analysts alike will continue to monitor Signify's financial strategies as the company adapts to changing market dynamics and technological advancements in the lighting industry.