Philips reports Q1 comparable sales growth of 2% to EUR 5.3 billion and operational results of EUR 327 million
First-quarter highlights
- Comparable sales increase was driven by Western Europe and growth geographies
- EBITA amounted to EUR 230 million, or 4.3% of sales, impacted by increased investments, compared to EUR 253 million, or 5.4% of sales, in Q1 2014
- EBITA, excluding restructuring and acquisition-related charges and other items, amounted to EUR 327 million, or 6.1% of sales, compared to EUR 304 million, or 6.5% of sales, in Q1 2014
- Net income amounted to EUR 100 million, compared to EUR 137 million in Q1 2014
- Free cash outflow amounted to EUR 443 million, compared to an outflow of EUR 431 million in Q1 2014