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Q4 & Full Year 2020 results January 29, 2020
Q4 & Full Year 2020 results
January 29, 2020Important information
Forward -looking statements
This release contains forward -looking statements that reflect theintentions, beliefs orcurrent expectations and projections ofSignify, including statements regarding strategy, estimates ofsales growth and future operational results .
Bytheir nature, these statements involve risks and uncertainties facing Signify, and anumber ofimportant factors could cause actual results oroutcomes todiffer materially from those expressed orimplied inany forward -looking
statement asaresult ofrisks and uncertainties .Such risks, uncertainties and other important factors include butarenotlimited to:adverse economic and political developments, theimpacts ofCOVID -19,technological change,
competition inthegeneral lighting market, development oflighting systems and services, successful implementation ofcost-savings initiatives and business transformation programs, impact ofacquisitions and other transactions,
reputational and adverse effects onbusiness due toactivities inEnvironment, Health &Safety, compliance risks, ability toattract and retain talented personnel, adverse currency effects, pension liabilities, and exposure to
international taxlaws .Signify undertakes noduty toand willnotnecessarily update anyoftheforward -looking statements inlight ofnew information orfuture events, except totheextent required byapplicable law.
Market and Industry Information
All references to market share, market data, industry statistics and industry forecasts in this document consist of estimates compiled by industry professionals, competitors, organizations or analysts, of publicly available information
or of the Group’s own assessment of its sales and markets. Rankings are based on sales unless otherwise stated.
Non -IFRS Financial Statements
Certain parts of this document contain non -IFRS financial measures and ratios, such as comparable sales growth, adjusted gross m argin, EBITA, adjusted EBITA, EBITDA, adjusted EBITDA and free cash flow, and other related ratios,
which are not recognized measures of financial performance or liquidity under IFRS. The non -IFRS financial measures presented ar e measures used by management to monitor the underlying performance of the Group’s business
and operations and, accordingly, they have not been audited or reviewed. Not all companies calculate non -IFRS financial measures in the same manner or on a consistent basis and these measures and ratios may not be comparable
to measures used by other companies under the same or similar names. A reconciliation of these non -IFRS financial measures to th e most directly comparable IFRS financial measures is contained in this document. For further
information on non -IFRS financial measures, see “Chapter 18 Reconciliation of non -IFRS measures” in the Annual Report 2019.
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