- Signify performed well despite office closures, with robust margins to the worst of the lockdown impact.
- Going forward, the need for Keynesian intervention to stimulate the economy will be a tailwind to the Signify infrastructure business.
- Moreover, Signify has been spending heavily on marketing its Hue products, an expense line that will eventually decline.
- Overall, we see the possibility of margin expansion and infrastructure tailwinds for Signify in the medium term.
For further details see:
Signify Has Room For Margin Expansion And Infrastructure Tailwinds