Signify Nv Ord (SFFYF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, welcome to the Signify second quarter and half year 2025 results conference call, hosted by Telco Kosanovic, CFO and interim CEO, and Telco Gerdes, head of investor relations. For the first part of this call, all participants will be in listen-only mode, and afterwards, there will be a question and answer session. If you wish to ask a question, please press key pound five on your telephone keypad. Please note that you are limited to one question and a follow-up per round. I would now like to give the floor to Elke Gerdes. Ms. Gerdes, please go ahead. Good morning, everyone, and welcome to Signify's earnings call for the second quarter of 2025. With me today is Veljko Kosanovic, Signify's CFO and interim CEO. During this call, Zelko will take you through the second quarter highlights. After that, he will present the company's financial performance. And finally, he will discuss the outlook for the remainder of the year. And 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 earnings call will be made available as soon as possible. And with that, I will now hand over to Zelko. Thank you, Zelko, good morning everyone and thank you for joining us today. Let's start with some of the highlights for the second quarter of 2025 on slide 4. We increased the installed bays of connected lighting points to 156 million at the end of Q2 2025 from 236 million last year. Nominal sales decreased by 4.4% to €1,480,000,000, largely driven by a negative FX impact of 3%. The comparable sales decline of 1.4% reflects a top-line growth of 0.8%, excluding the conventional business. The momentum in our busine...