Philips reports first-quarter sales of EUR 5.7 billion and EBITA of EUR 504 million

  Comparable sales up 12%; growth in all sectors, led by Lighting at 18%
  22% growth in emerging markets
  20% growth of equipment order intake at Healthcare
  EBITA of EUR 504 million, or 8.9% of sales; Consumer Lifestyle’s adjusted EBITA hit 8.2% for the last twelve months
  Net income of EUR 201 million

Strongly improved performance across all sectors
  Comparable sales on par with Q4 2008; sales in emerging markets up 8%
  EBITA improves to 9.1% of sales; adjusted EBITA of 12.3% at record level
  Operating cash flow of EUR 1.4 billion, once adjusted for legal settlement in North America
  Net income of EUR 260 million, driven by strong improvement in operational earnings and significantly lower charges
  Proposed dividend maintained at EUR 0.70 per share 
 
Gerard Kleisterlee, President and CEO of Royal Philips Electronics:
“Thanks to the increased resilience of our company, we ended the year with a strong fourth quarter. Comparable sales came in at last year’s level, delivering a record adjusted profitability of 12.3%. This reflects our strengthened fundamentals and the successful manner in which we have been managing through the downturn.

Philips reports third-quarter EBITA of EUR 344 million and sales of EUR 5.6 billion

• Strong improvement of EBITA margin before restructuring and acquisition-related charges and a EUR 87 million provision release
• Comparable sales down 11%, mainly attributable to Consumer Lifestyle and Lighting, up from the 19% decline visible in the second quarter
• Double-digit growth in emerging markets for Healthcare not fully offsetting declines in the US
• Restructuring and acquisition-related charges of EUR 125 million reflect ongoing reduction of our cost base
• Free cash flow of EUR 353 million exceeded EBITA in the quarter

More on the global newscenter
 

• EBITA margin before restructuring charges improves compared with Q1 in all business sectors
• EUR 148 million restructuring and acquisition-related charges are booked in the quarter
• Sales decline 19% year-on-year, reflecting continuing weakness in consumer and professional markets
• Healthcare sales decline year-on-year but increase compared with Q1, supported by modest growth outside the US
• Strong free cash flow of EUR 251 million reflects ongoing tight asset management 

Tuesday, April 14, 2009

Healthcare and Lighting maintained solid growth in much tougher markets, with sales up 5% and 6% respectively on a comparable basis. 

Philips reports strong sales of EUR 6.5 billion, up 6% year-on-year; EBITA rises to EUR 413 million 

   *      Group sales increase to EUR 5,965 million; growth in Healthcare and Lighting offset by lower television sales.

    *      Ongoing growth at Healthcare with 5% higher sales; 9% higher equipment order intake, including double-digit growth in North America.

    *      Continuing strong growth of 17% in emerging markets.

PHILIPS DELIVERS ON ITS TARGETS: SOLID Q4 WITH 8% COMPARABLE SALES GROWTH AND EBITA OF EUR 865 MILLION.Full-year 2007 comparable sales up 5%, delivering an EBITA margin of 7.7%.