Q3 2019 results

Amsterdam, October 27, 2019

Philips delivers Q3 sales of EUR 4.7 billion, with 6% comparable sales growth, EUR 211 million income from continuing operations and an Adjusted EBITA margin of 12.4%

  • Sales in the quarter amounted to EUR 4.7 billion, with 6% comparable sales growth
  • Comparable order intake was in line with Q3 2018
  • Income from continuing operations amounted to EUR 211 million, including a charge of EUR 78 million related to a goodwill impairment, compared to EUR 307 million in Q3 2018
  • Adjusted EBITA margin was 12.4% of sales, compared to 13.2% of sales in Q3 2018
  • Income from operations amounted to EUR 320 million, compared to EUR 451 million in Q3 2018
  • EPS from continuing operations (diluted) amounted to EUR 0.23; Adjusted EPS from continuing operations (diluted) increased 10% compared to Q3 2018 to EUR 0.46
  • Operating cash flow increased to EUR 356 million, compared to EUR 265 million in Q3 2018; free cash flow increased to EUR 126 million, compared to EUR 52 million in Q3 2018
  • Lives Improved in underserved healthcare communities increased by 9 million compared to Q3 2018, mainly driven by our Personal Health businesses and Diagnosis & Treatment businesses.
  • Philips has once again been recognized as one of the top companies for sustainability performance in the global 2019 Dow Jones Sustainability Indices (DJSI) list. Philips scored 82 out of 100 points in the DJSI Health Care Equipment & Services industry group, further improving on its 2018 score to achieve the #2 ranking in 2019.
  • Philips topped the inaugural Fortune Sustainability All Stars list, in front of companies such as IBM, Intel, Walmart and Apple. The list recognizes companies based on their environmental innovation, resource use, and efforts to limit emissions.
  • Philips has teamed up with non-profit organization PURE (Point-of-care Ultrasound in Resource-limited Environments), on a pioneering tele-ultrasound program linking specialists around the globe with physicians in Rwanda.
  • With half the world’s population still lacking access to essential health service, Philips announced its participation in several activities aimed at driving Universal Health Coverage (UHC) during the 74th United Nations General Assembly (UNGA 74) week in New York.
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