Philips’ First Quarter Results 2016

Amsterdam, April 25, 2016

Report

Q1 2016 reportPDF 571.4 kB

Presentation

Q1 2016 presentationPDF 1.5 MB

Webcast

Q1 2016 transcriptPDF 167.8 kB

Philips reports Q1 comparable sales growth of 3% to EUR 5.5 billion and a 14% improvement in Adjusted EBITA to EUR 374 million

First-quarter highlights

  • Comparable sales growth driven by 5% growth in HealthTech portfolio
  • Adjusted EBITA amounted to EUR 374 million, or 6.8% of sales, compared to 6.1% of sales in Q1 2015
  • EBITA totaled EUR 290 million, or 5.3% of sales, compared to 4.3% of sales in Q1 2015
  • Net income amounted to EUR 37 million, compared to EUR 100 million in Q1 2015, mainly impacted by tax charges related to the separation
  • Free cash outflow of EUR 177 million, compared to an outflow of EUR 443 million in Q1 2015
  • Philips Lighting separation process well on track