Signify N.V. (LIGHT.AS)

Shortages dim lighting maker Signify's sales outlook

AMSTERDAM (Reuters) -Component shortages and supply chain glitches hit sales at Signify, the world's largest lighting maker, in the third quarter, taking a toll on its core earnings. But supply issues had knocked 100 million euros ($117 million) off third quarter sales and it now expects full year sales will be at the bottom end of its guidance of 3-6% growth. "We believe that these unprecedented supply chain issues are transitory and are confident in our ability to convert demand into sales growth as the situation stabilizes," Signify CEO Eric Rondolat said in a statement.