As of 2022, the largest single share of the revenue of Signify (formally known as Philips Lighting) was generated in the United States. During this last year, around 2.5 billion euros of revenue came from the U.S., whereas 517 and 421 million euros of Signify’s revenue originated in the Netherlands and Germany, respectively. However, observing the sales revenue by geography, most of the sales of Signify originated from Americas. Specifically, 32 percent of the sales was generated within Europe, whereas nearly 38 percent came from the Americas.
Professional business group generated most revenue
Signify is a Dutch producer of lighting sources and formally a division of Philips. In May 2018, Philips Lighting changed their name to Signify, but can use the brand name Philips for their products until 2030. Looking at the total revenue of over 7.5 billion euros, roughly 2.63 billion euros came from the digital solutions. The digital and conventional products combined generated around 3.26 billion euros.
Stable net income in 2020
Despite previous fluctuating trends, Signify's total net income has steadily increased each year since 2019/ In 2022, Signify reported over 530 million euros in net income.
Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country
(in million euros)
Characteristic
United States
Netherlands
Germany
China
India**
France*
Saudi Arabia**
Other countries
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The figures have been taken from several publications.
* Numbers from France only added in 2020 and were added to Other countries in 2022.
** Values for India, Saudi Arabia were added to Other countries in 2022.
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Signify. (February 28, 2023). Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country (in million euros) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/
Signify. "Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country (in million euros)." Chart. February 28, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/
Signify. (2023). Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country (in million euros). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/
Signify. "Sales Revenue of Signify (Philips Lighting) from 2015 to 2022, by Country (in Million Euros)." Statista, Statista Inc., 28 Feb 2023, https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/
Signify, Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country (in million euros) Statista, https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/ (last visited September 01, 2024)
Sales revenue of Signify (Philips Lighting) from 2015 to 2022, by country (in million euros) [Graph], Signify, February 28, 2023. [Online]. Available: https://www.statista.com/statistics/827003/sales-revenue-of-philips-lighting/