Signify Financial Outlook and Performance
Benefits of the transformation initiatives increasingly visible from H2 2018
Adjusted indirect costs (as % of sales)
31
31.5%
31.7%
Transformation initiatives
Actions underway to drive benefits across multiple levers:
Organization
29.0%
Peer
benchmark
25.0%
range
Processes
Consolidate and rationalize businesses,
flatten organizational structure
Digitize and automate processes, establish shared
service centres, improve IT landscape
2016
2017
Medium term
Savings in the adjusted indirect cost base
Achieved EUR 66m savings in FY17, including
incremental investments to support growth
Additional savings should become particularly
visible in the second half of 2018 and in 2019
Footprint
Reduce industrial and office locations
Sourcing
Products
Improve demand management, simplify
requirements, strengthen supplier relationships
Simplify our portfolios across businesses and
reduce product variants
Continue to invest in innovation, infrastructure and
go-to-market to drive growth
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