Signify Financial Outlook and Performance

Adjusted indirect cost base decreased by 13% 26 as % of sales 33.8% Key observations -60 bps 33.2% 570 In EURM -38 88 Adj. R&D -35 498 81 483 Adj. SG&A 417 Adjusted indirect costs 1Q17 Indirect cost savings Currency impact Adjusted indirect costs 1Q18 Indirect cost reduction of EUR 38m Positive currency impact of EUR 35m Executing multi-year transformation initiatives to simplify the organization to: Improve customer service and quality Become more efficient Capture scale benefits. Save to invest Signify

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