Philips reports first-quarter net income of EUR 138 million, EBITA of EUR 437 million and sales of EUR 5.3 billion
First-quarter highlights
- Philips and TPV to create strong television company
- Television results reported as discontinued operations
- Nominal sales of EUR 5.3 billion, 6% higher year-on-year
- Comparable sales increased by 4%, with solid growth at Lighting and Healthcare
- Comparable sales in our growth markets increased by 11%
- EBITA of EUR 437 million at 8% of sales in the quarter
- Net income of EUR 138 million, EUR 63 million below Q1 2010
- Free case outflow of EUR 615 million