Signify Nv Ord (SFFYF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Signify First Quarter 2025 Results Conference call hosted by Eric Rondelat, CEO, Zeljko Kosanovic, CFO, and Telke Gerdes, Head of Investor Relations. Throughout today's call, all participants will be in a listen-only mode. Later, we will conduct a question and answer session. You may register for questions at any time by pressing star 1 on your telephone keypad. We kindly ask you to limit the number of your questions to 1 plus one follow-up. And now I'm pleased to hand the call over to Telke Gervis. Please go ahead, ma'am. Good morning, everyone, and welcome to Signify's earnings call for the first quarter 2025. With me today are Eric Gondola, CEO of Signify, and Zeljko Kosanovic, CFO. During this call, Eric will first take you through the first quarter highlights, after which Zeljko will present the company's financial performance. Eric will then come back to discuss the outlook for the remainder of the year. 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 will hand over to Eric. Thank you, Selke. Good morning, everyone. And thank you for joining us today. Let's start with some highlights for the first quarter 2025 on slide four. Our first quarter performance landed in line with our expectations, showing sequential improvements in most of our businesses with a strong contribution of our connected offers. Indeed, we increased the installed base of connected light points from 126 million in Q124 to 153 million at the end of the last quarter. Nominal sales decreased by 1.3% to 1,448,000,0...