Core Insights - Signify reported second quarter sales of EUR 1.4 billion, with an operational profitability of 7.8% and a free cash flow of EUR 36 million [1][10]. Financial Performance - Comparable sales growth was -1.4%, with a topline growth of 0.8% when excluding the Conventional business [3][10]. - The Professional business saw a return to growth, particularly in North America and connected lighting sales [3]. - The Consumer business achieved its third consecutive quarter of growth, driven by demand for connected home products [3]. - The adjusted EBITA margin was 7.8%, slightly down from 7.9% in Q2 2024 [10]. - Net income for the quarter was EUR 57 million, compared to EUR 63 million in Q2 2024 [10]. - Free cash flow decreased to EUR 36 million from EUR 51 million in the same quarter last year [10]. Strategic Initiatives - Signify's sustainability program, "Brighter Lives, Better World 2025," aims to double its positive impact on the environment and society [6]. - The company is ahead of schedule to reduce greenhouse gas emissions by 40% by 2025, surpassing the pace required by the Paris Agreement [7]. - Circular revenues increased to 37%, exceeding the 2025 target of 32% [8]. - Brighter lives revenues remained at 33%, also above the 2025 target of 32% [9]. Outlook - The company confirmed guidance for low single-digit growth excluding the Conventional business and a free cash flow generation of 7-8% of sales [5][13]. - EBITA margin guidance was adjusted to a range of 9.6% to 9.9% [5][13]. Recognition and Diversity - Signify was recognized as one of Europe's most sustainable corporations and received accolades for its sustainability efforts [12]. - The percentage of women in leadership positions remained at 27%, which is below the company's 2025 ambitions [11].