Signify reports 4.4% sales drop as dollar and yuan depreciate

Dutch lighting manufacturer Signify LIGHT on Friday reported a 4.4% drop in its second-quarter nominal sales to 1.418 billion euros ($1.66 billion), partly due to a 3% currency hit from weakening of the U.S. dollar and the Chinese yuan.

Analysts had forecast sales of 1.415 billion euros, a company-provided consensus showed.

($1 = 0.8517 euros)