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armssecurity · 2 years
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Signify reports full-year sales of EUR 6.9 billion, operational profitability of 11.6% and a free cash flow of EUR 614 million
Fourth quarter 20211
Sales of EUR 2,008 million; comparable sales growth of 4.5%
Order book increase of 67% in Q4 21 vs. Q4 20
Adj. EBITA margin of 13.2% (Q4 20: 13.4%)
Net income of EUR 170 million (Q4 20: EUR 137 million)
Free cash flow of EUR 257 million (Q4 20: EUR 332 million)
Repayment of EUR 350 million of debt, as committed
Full year 2021
Signify's installed base of connected light points increased from 77 million at YE 20 to 96 million at YE 21
Sales of EUR 6,860 million; comparable sales growth of 3.8%
LED-based sales represented 83% of total sales (FY 20: 80%)
Adj. EBITA margin of 11.6% (FY 20: 10.7%)
Net income of EUR 407 million (FY 20: EUR 335 million)
Free cash flow of EUR 614 million, 8.9% of sales (FY 20: EUR 817 million)
Net debt/EBITDA ratio of 1.4x (YE 20: 1.7x)
Dividend
Proposal to pay a cash dividend of EUR 1.45 per share over 2021
Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced the company’s fourth quarter and full-year 2021 results.
“The strong demand for connected lighting and our growth platforms, paired with the delivery of delayed orders, enabled us to achieve a comparable sales growth of 4.5% in the fourth quarter. Our teams’ relentless focus on the execution of our strategy enabled us to deliver against our objectives for the year. This, in an external environment that was possibly even more challenging than in 2020. Despite the significant cost increases of raw materials, components, and logistics, we expanded our operational profit margin for the eighth consecutive year, with an improvement of 90 basis points. This was driven by the strong performance of our two digital divisions, which combined now account for more than 80% of our sales, profit and cash flow. Finally, during the year we continuously made significant progress on our journey to double our positive impact on the environment and society,” said CEO Eric Rondolat.
“While we expect uncertainty to remain high in the first half of this year, we’re confident that we will manage this volatility with the same agility as we demonstrated in the past two years. Our 2021 results provide us with a solid base on which to deliver another year of growth in 2022. This will be driven by continued investments in our growth platforms, such as the intended acquisition of Fluence. The world's demand for energy-efficient and digital lighting technologies continues to accelerate and Signify is well positioned to capture the potential this creates.”
Brighter Lives, Better World 2025
In the fourth quarter, Signify completed the first year of its Brighter Lives, Better World 2025 program, making substantial progress towards doubling its positive impact on the environment and society:
Double the pace of the Paris agreement:
Cumulative carbon reduction over the value chain was 60 million tonnes, and is ahead of track. All of Signify's divisions had CO2 emission reductions. The main driver remains the accelerated shift to energy efficient and connected LED lighting in 2021, which decreases the carbon emissions in the use phase.
Double our Circular revenues to 32%:
Circular revenues increased to 25%, compared with the 2019 baseline of 16%. Signify is on track to achieve the 2025 target of 32%. This positive trend is driven by the further expansion of serviceable professional luminaires, and the continuous, stable contribution of consumer luminaires and circular components.
Double our Brighter lives revenues to 32%:
Brighter lives revenues were 27%, with a strong contribution from the consumer well-being portfolio. With this performance, Signify is making good progress towards the 2025 target of 32%.
Double the percentage of women in leadership to 34%:
The percentage of women in leadership positions was 25%, stable when compared with last quarter. This performance is slightly behind the 2021 intermediary step aimed at reaching the 2025 target of 34%. In Q4, Signify launched the Powering Inclusion Series, which increases the awareness of its leaders and people managers on how to foster inclusion.
Signify is in the top 1% of its industry in the S&P Global Corporate Sustainability Assessment and is included in the Dow Jones Sustainability World Index for the fifth consecutive year, illustrating its drive for leadership in sustainability.
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armssecurity · 2 years
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armssecurity · 2 years
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armssecurity · 3 years
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PE-backed Five Star Business Finance prepares for $400mn IPO; appoints bankers.
Private equity majors Sequoia Capital and KKR-backed non-banking finance company (NBFC) Five Star Business Finance Ltd is set to file draft papers for an initial public offering (IPO) in the next few months.
The Chennai-headquartered small business lender is set to raise $400 million (approximately over Rs 2,900 crore) through the public listing and has appointed bankers for the same, two people aware of the development said on condition of anonymity.
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Both persons corroborated that Five Star has mandated Edelweiss, Nomura and Kotak Securities as the bankers with ICICI Securities as the lead merchant banker to run the IPO process.
THEY ADDED THAT the IPO is set to see partial exits from private equity shareholders Matrix Partners India and TPG Asia.
As of March-end 2021, TPG Asia held almost 22.5%, Matrix Partners India owned over 15%, while Morgan Stanley's NHPEA Chocolate Holdings B.V.'s stake was around 13.2%. Sequoia Capital and Norwest Venture Partners owned 9.45% stake each in Five Star Finance.
In March this year, Five Star Business Finance, a lender to small businesses, had raised $234 million (Rs 1,700 crore) from new and existing investors at a valuation of $1.4 billion (Rs 10,300 crore).
The funding round was led by Sequoia Capital India with participation from Norwest Venture Partners and new investors led by KKR with participation from TVS Capital.
Emails sent to TPG, Matrix Partners and i-bankers ICICI Securities, Edelweiss, Nomura and Kotak Securities remained unanswered till press time.
Five Star's chief executive officer K Rangarajan declined to comment.
The non-bank lender's assets under management (AUM) stood at 4,445.38 crores as of March-end. Five Star Business Finance, which started operations in 1984, was set up by VK Ranganathan to focus on consumer loans and vehicle finance. In 2005, it shifted to small and medium sector enterprises (SMEs) in urban and semi-urban markets.
The current promoter, D Lakshmipathy, has been involved with Five Star since 2002 and has been the managing director for around ten years.
Five-Star also makes small housing loans to salaried and self-employed customers. All these loans, secured against residential property, target the middle and lower-middle-income segments in urban, semi-urban and fast-growing rural geographies. Its operations are spread across 262 branches and employ almost 4,000 employees.
For FY21, its profit after tax jumped 37% to around Rs 360 crore from Rs 260 crore a year ago.
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armssecurity · 3 years
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How To Improve Your Personal Finances
Above all, you must be knowledgeable about your finances. Love it or hate it, an in-depth understanding of your finances will increase your confidence in money matters. The following suggestions give you ways to better understand your finances.
Your budget should be devised and based on the amount of money that you have to work with as well as the necessary expenses. Calculate your monthly household net income. Make sure that you do not leave out any income sources, such as wages from another job or rental-property income. You should not be spending more money than you are bringing in each month.
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Once you have determined your income and expenses, it is time to formulate an effective budget. The first step is to identify areas where you are currently wasting money. For example, if you are like many people, you may treat yourself to a cup of coffee from your local coffee shop each morning. What you can do instead is purchase a nice coffee or espresso machine and learn how to make your favorite coffee drinks yourself, whipped cream and all. Look honestly at your budget to see where else you can cut back.
Making repairs or updating your electrical and plumbing systems can lower your utility bills. Installing a modern, energy-efficient water heater and making sure your windows are properly sealed from the elements, are two ways to lower your energy usage. A hot water heater can also make a difference in your bill. You should look into fixing leaky pipes with the help of a professional to lower your water bill. Using your dishwasher will increase your water bill as well, so make sure to only use this appliance when it is completely full.
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armssecurity · 3 years
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armssecurity · 3 years
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armssecurity · 4 years
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armssecurity · 4 years
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armssecurity · 4 years
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