Philips reports third-quarter comparable sales growth of 3% to EUR 5.6 billion; operational results improve by 33% to EUR 634 million
Third-quarter highlights
- Comparable sales in growth geographies up 10%
- EBITA increased to EUR 562 million, or 10.0% of sales, compared to 6.3% in Q3 2012
- EBITA excluding restructuring and other charges increased to EUR 634 million, or 11.3% of sales
- Net income increased to EUR 281 million, compared to EUR 105 million in Q3 2012
- Free cash flow amounted to EUR 117 million
- New EUR 1.5 billion share buy-back program starts on October 21