Signify withdraws 2020 outlook

Signify withdrew its financial guidance for 2020, joining hundreds of other companies from across many industries. 'Given the high level of global uncertainty and the very limited visibility on how this crisis might unfold, Signify has decided to suspend its financial outlook for 2020 as announced on January 31, 2020,' the company said in a press release.

The COVID-19 pandemic is unprecedented in its scale and the challenges it presents, Signify says. 'Our number one priority is the health, safety, and wellbeing of our employees, customers, partners, and the people around us. Very early on, we established teams, centrally and locally, to monitor the situation, respond quickly and act appropriately, adhering to the advice of governments and local authorities.'