Signify cuts outlook but sees demand for energy-efficient lights

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Reuters UK

By Valentine Baldassari (Reuters) -Signify, the World’s biggest lighting maker, cut its full-year outlook on Friday, hit by lower consumer demand and a slowdown in China even as shops and businesses in Europe rush to buy more efficient bulbs to cut energy costs. The former lighting arm of Philips said it is seeing increased demand for less energy-intensive lighting systems as energy costs soar, with governments and companies deploying efficient bulbs and technology to cut usage and bills. Clients for example want systems to monitor and switch off lights in more than one shop, Signify Chief Exe…

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