Philips reports second-quarter EBITA of EUR 527 million and sales of EUR 6.2 billion
Second-quarter highlights
- Comparable sales up 12%, led by double-digit growth at Lighting and Consumer lifestyle
- Emerging markets growth accelerates to 29%, now representing over one-third of the Group sales
- EBUTA of EUR 527 million, or 8.5% of sales
- EBITA, excluding EUR 93 million restructuring and acquisition-related charges, at 10% of sales
- Net income of EUR 262 million