Philips’ Third Quarter Results 2014

Amsterdam, October 20, 2014


Q3 2014 resultsPDF 335.5 kB


Q3 2014 presentationPDF 2.7 MB


Q3 2014 transcriptPDF 189.6 kB

Philips reports Q3 sales of EUR 5.5 billion and operational results of EUR 536 million

Third-quarter highlights

  • Comparable sales growth flat, with sales in growth geographies up 2%
  • EBITA, excluding restructuring and acquisition-related charges and other items, amounted to EUR 536 million, or 9.7% of sales, compared to 11.4% in Q3 2013
  • EBITA amounted to a loss of EUR 7 million, primarily impacted by charges related to IP litigation and the voluntary production suspension at the Cleveland facility
  • Net loss of EUR 103 million, compared to net income of EUR 281 million in Q3 2013
  • Currencies negatively impacted sales by 1.7% and EBITA by 0.9 percentage points of sales
  • Free cash flow of EUR 166 million, compared to EUR 122 million in Q3 2013
  • Started the process of creating two market-leading companies focused to capitalize on the HealthTech and Lighting solutions opportunities