Signify N.V. (PHPPY) Q4 2024 Earnings Call Transcript

2025-01-24 09:40:29 ET

Signify N.V. (PHPPY)

Q4 2024 Earnings Conference Call

January 24, 2025 03:00 AM ET

Company Participants

Thelke Gerdes - Head, Investor Relations

Eric Rondolat - Chief Executive Officer

Željko Kosanovi? - Chief Financial Officer

Conference Call Participants

Daniela Costa - Goldman Sachs

Akash Gupta - JPMorgan

Sven Weier - UBS

Martin Wilkie - Citi

Marc Hesselink - ING

Tim Ehlers - Kepler Cheuvreux

Presentation

Operator

Hello and welcome to the Signify’s Fourth Quarter and Full Year 2024 Results. Throughout the call, all participants will be in a listen-only mode and afterwards there will be a question-and-answer session. [Operator Instructions]

Today I'm pleased to present Eric Rondolat, CEO; Željko Kosanovi?, CFO; and Thelke Gerdes, Head of Investor Relations. Please go ahead with your meeting.

Thelke Gerdes

Good morning, everyone and welcome to Signify's earnings call for the fourth quarter and full year 2024. With me today are Eric Rondolat, CEO of Signify; and Željko Kosanovi?, CFO.

During this call we will start with Eric's review of Signify's 2024 operational and business performance. Zeljko will then review the company's financial performance for the quarter. And after that Eric will return with an update on capital allocation and the outlook for 2025. After that we will be happy to take your questions.

Our press release and presentation were published at 7 O’clock this morning. Both documents are available for download from our Investor Relations website. The transcript of this conference call will be made available as soon as possible.

And with that I now hand over to Eric.

Eric Rondolat

Thank you, Thelke. Good morning, everyone and thank you for joining us today. Let me start with a few operational highlights on page 4. So 2024 was an important year of transition for Signify.

We implemented the new organizational structure in April consisting of four verticalized businesses with full profit and loss responsibility. So you know that each of these four businesses is fully responsible for its end-to-end processes; including strategy, quality, offer, development, manufacturing and sales and marketing....

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