EINDHOVEN, The Netherlands – Signify published its 2025 Annual Report, containing the company’s financial and sustainability statements.
Signify’s CEO, As Tempelman, made the following comments:
Over the past months, I have spent time listening, learning, and engaging with colleagues, customers, investors and partners across the globe. What I have seen reinforces my belief that Signify has a bright future and many opportunities ahead.
We have a strong innovation engine, deeply rooted technical expertise, and passionate people who care about the impact of their work. We are leading at the forefront of connected and energy-efficient lighting that improves lives and delivers meaningful benefits for businesses, communities, and individuals. There is much to be proud of.
At the same time, I have arrived at a challenging moment. As the global leader in lighting, our portfolio and geographic footprint are broad. This diversity brings resilience but also exposes us to a range of external headwinds. The past year was shaped by macroeconomic uncertainty and structural shifts in our industry, revealing both the strength of some parts of the business and the need to sharpen our execution in other areas.
Bright spots
There are clear, bright spots. Within Professional lighting, the connected and specified project segments present compelling opportunities. Our Consumer business has delivered consistent growth, led by our premium smart-home offering and powerful brands. We continue to grow in specialty applications and in focus markets such as the US and India, demonstrating the impact of disciplined execution and local relevance.
However, while we were able to neutralize the direct impact of tariffs in the US, the resulting overcapacity led to intensified competition in the more commoditized, non-connected LED and component categories and trade channels. A slowdown in public procurement and infrastructure projects weighed on the professional business in Europe, while our OEM business experienced reduced demand and pricing pressure.
These contrasts will inform our new strategy, to be shared at Capital Markets Day later in the year. As communicated in our full-year results, we are reviewing our portfolio with a clear objective: to develop a focused roadmap that delivers durable, profitable growth.
Advancing sustainability
Sustainability remains central to how we create value. In 2025, we concluded five years of progress under our Brighter Lives, Better World program, exceeding our targets for energy efficiency and emissions reduction, circularity, and impact beyond illumination. External recognition from organizations such as EcoVadis, the Dow Jones Sustainability Index, and CDP, as well as surpassing 10 million lives lit by the Signify Foundation, reflects the impact of our efforts.
Our future in focus
Through what will be a transitional year for Signify, we anticipate the challenging conditions of 2025 will continue. To outperform in this environment, we will be decisive. Commercial and supply-chain excellence will be critical. We will focus our resources and investments on areas where we can win, with a strict culture of cost and capital discipline.
Equally important is how we operate. We will continue to evolve our culture to deliver the full value of our operating model, strengthening a market-led mindset across the organization. We will leverage digital and AI capabilities and accelerate the modernization of our technology stack to support speed, simplicity, and better decision-making.
In closing, I want to express my sincere thanks to the people of Signify. It has been a privilege to meet so many of you around the world, and I am inspired by your dedication, professionalism, and belief in what we do. Thank you to our Supervisory Board for your guidance and support, and to our shareholders for your trust. And above all, thank you to our customers for your partnership, enthusiasm, and confidence in Signify.
The road ahead will require focus, discipline, and courage. But I am confident in our path and in the future we are building together.
The full report can be found here.
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