Philips’ Third Quarter Results 2016

Amsterdam, October 24, 2016

Report

Q3 2016 resultsPDF 586.8 kB

Presentation

Q3 2016 presentationPDF 1.1 MB

Webcast

Q3 2016 transcriptPDF 173.1 kB

Philips reports Q3 sales of EUR 5.9 billion, a 14% improvement in Adjusted EBITA to EUR 649 million, and an 18% increase in net income to EUR 383 million

Third-quarter highlights

  • Sales increased to EUR 5.9 billion, with consolidated comparable sales growth of 2% and the HealthTech portfolio growing by 5%
  • Adjusted EBITA amounted to EUR 649 million, or 11.0% of sales, compared to 9.8% of sales in Q3 2015
  • EBITA totaled EUR 567 million, or 9.6% of sales, compared to 7.4% of sales in Q3 2015
  • Income from operations (EBIT) amounted to EUR 481 million, compared to EUR 342 million in Q3 2015
  • Net income amounted to EUR 383 million, compared to EUR 324 million in Q3 2015
  • Operating cash flow totaled EUR 500 million, compared to EUR 281 million in Q3 2015; free cash flow of EUR 280 million, compared to EUR 58 million in Q3 2015