As Signify Dips Again, Analyst Wonders How Long This Can Go On - Energy Watch News


As Signify Dips Again, Analyst Wonders How Long This Can Go On

Still persevering through an endless business transformation aimed at becoming a lighting-based digital services and data company, a dogged Signify today reported yet another quarterly profit decline, raising questions about whether it will ever truly recover from the industry’s travails despite the unflagging determination of CEO Eric Rondolat. He attributed the flattening to “a clear market degradation” that has affected the entire lighting industry. He also observed that Signify “is weathering it better than competitors.” The long-term outlook is still good, the world’s largest lighting outfit insists. https://www.ledsmagazine.com/

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