Signify Financial Outlook and Performance
Sound progress made on our strategic priorities during 2017
Strategic priorities
Optimize cash from conventional products to fund our
growth
Innovate in LED products commercially and technologically
to outgrow the market
Lead the shift to Systems, building the largest connected
installed base
Capture adjacent value through new Services business
models
Be our customers' best business partner locally, leveraging
our global scale
Continue our operational excellence improvement journey
Proof points in 2017
Free cash flow as % of sales for Lamps improved by 400 bps
LED lighting share increased from 55% to 65% of total sales
Connected Systems & Services, for consumers and professionals,
represented more than EUR 900m of sales in 2017, CSG +51%
Professional Systems & Services sales of around EUR 650m
Home Systems sales of close to EUR 300m
•
Customer Net Promoter Score improved by 14%
Adjusted EBITA margin improved by 70 basis points to 9.6%
Indirect costs reduced by EUR 66m, incl. investments for growth
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