Philips reports first-quarter sales of EUR 5.6 billion; EBITA of EUR 552 million
First-quarter highlights
- Comparable sales up 4%, led by 9% growth at Healthcare
- Sales in growth geographies up 9% on a comparable basis
- Reported EBITA of 9.8% of sales
- Net income of EUR 249 million
- Free cash flow of EUR 642 million
- TV joint venture with TPV completed, Senseo transaction with Sara Lee finalized
- Philips sells real estate of High Tech Campus Eindhoven
- Cost savings on track