Last Friday, Signify, the manufacturer of Philips Hue, announced its financial results for the third quarter of 2025. The key figures can be found in the official press release: Revenue fell by 8.4 percent, and profits also declined significantly. This was mainly due to the conventional business and OEM solutions, where sales fell by over 20 percent.
For most of us, the holiday means a relaxed start to the new week. Tonight, I’ll be covering the big WWDC keynote for our Apple blog, but I can’t resist taking a detour into the world of Hue. I have two pieces of news from Signify for you. Several years ago, the company announced its intention to eliminate plastic from its packaging.
Signify, the manufacturer of Philips Hue and WiZ, does much more than just smart lighting for our homes. Some time ago, I already reported on smart lighting in supermarkets and Signify is also quite active in sports. In addition to sponsoring the Mercedes team, the company is also responsible for lighting the temporary racetracks in Las Vegas and Singapore.
After around ten years as CEO of Signify, the manufacturer of Philips Hue, Eric Rondolat is stepping down from his position. He will remain CEO until the Annual General Meeting on April 25, 2025, after which he will also step down from the Management Board. This was announced by the company this week.
At the beginning of July, Signify, the manufacturer of Philips Hue, announced its partnership with the Mercedes Formula 1 team. At least in sporting terms, things have been going more than brilliantly since then, with two victories after a long dry spell. But what exactly does Signify want to achieve with the partnership?
What is Signify, the manufacturer of Philips Hue, actually doing with all our money? We keep asking ourselves this (not entirely serious) question when it comes to prices. Today I have the answer for you: you become a sponsor of a Formula 1 team. Okay, it wasn’t enough to become the main sponsor, but such a co-operation won’t be completely free either.
As we all know, Philips Hue is just one of Signify’s many projects. Until a few years ago, Signify was still called Philips Lightning and was also active in many areas in 2023. You can see a great overview of the manufacturer’s various “construction sites” in the video below. “2023 was a challenging and exciting year in which we at Signify were able to celebrate many milestones.
To round off the week, I would like to present you with some pretty tough news. It’s a press release from Signify, the manufacturer of Philips Hue, which you can read here. In a nutshell, it’s about restructuring and planned savings of 200 million euros per year. The good news from our point of view is that the four business areas that Signify wants to focus on in future also include the consumer business area with the Philips Hue and WiZ brands.
A few years ago, Signify, the manufacturer of Philips Hue, acquired up a competitor: WiZ. To our surprise, the brand was not simply buried afterwards, but continued. Last year alone, WiZ introduced numerous new lamps and luminaires. These are not directly compatible with Philips Hue, rely on a WiFi connection and usually cost a little less.
Fabian1 Comment on Hue manufacturer launches outdoor string lights with WLAN connection WiZ LED String Lights are in the starting blocks auf Deutsch lesen WiZ LED String Lights are in the starting blocks
There is once again interesting news from Signify, the manufacturer of Philips Hue. The WiZ brand, which was taken over a few years ago, will probably soon be expanded to include a string of lights for outdoor use. No question: this is something I would definitely also like to see from Philips Hue directly.