SIGNIFY NV

Company Description

Signify is the world's largest lighting company, producing everything from the LED bulbs in your home to the sophisticated connected lighting systems illuminating stadiums, offices, and city streets. The company still produces lights under the famous Philips brand—though Signify is now a completely separate company from Philips the healthcare firm. The company operates through four main businesses: Professional (lighting systems and services for buildings, outdoor spaces, and stadiums), Consumer (home lighting including the popular Philips Hue smart bulbs), OEM (lighting components sold to other manufacturers), and Conventional (legacy lighting products). Signify has been a leader in the transition from traditional incandescent bulbs to energy-efficient LEDs, and is now pioneering connected lighting that can be controlled via apps and integrated with smart building systems. Signify was created in 2016 when Philips spun off its lighting division through an IPO on Euronext Amsterdam. The company changed its name from Philips Lighting to Signify in 2018 to establish its independent identity while retaining rights to use the Philips brand for products. The company traces its lighting heritage back to 1891 when Philips started as a light bulb manufacturer in Eindhoven. Headquartered in Eindhoven with approximately 29,000 employees and operations in over 70 countries, Signify generated €6.1 billion in sales in 2024. The company is committed to carbon neutrality in its operations by 2025 and across its entire value chain by 2030. About 34% of sales come from the United States, making it the company's largest market. Signify has been included in the Dow Jones Sustainability World Index for eight consecutive years since its IPO.