Philips reports third-quarter comparable sales growth of 5% to EUR 6.1 billion; EBITA of EUR 450 million
Third-quarter highlights
- Comparable sales up 5%, with all three sectors contributing to growth
- Sales in growth geographies up 10% on a comparable basis, now representing 36% of total
revenue - Reported EBITA of EUR 450 million, or 7.3% of sales
- Net income of EUR 170 million
- Free cash flow of EUR 395 million