:Signify, the world's biggest maker of lights, on Thursday again cut its full-year profit margin and sales guidance, citing a steeper slowdown in China than expected and lower demand for professional indoor lighting.The Dutch group, which had already cut forecasts in July and in October, now expects an adjusted EBITA margin of approximately 10 per cent for both the fourth quarter and the full year 2022.
Comparable sales growth is now seen at 1.2 per cent for 2022, versus a previous guidance of a 2-3 per cent increase. "The company now expects to report a full year 2022 free cash flow of approximately 445 million euros or 5.9 per cent of sales," Signify said.
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