Philips reports fourth-quarter net income of EUR 465 million, EBITA of EUR 873 million and sales of EUR 7.4 billion
Fourth-quarter highlights
- Net income of EUR 465 million, an increase of EUR 205 million compared to Q4 2009
- EBITA of EUR 873 million at 11.8% of sales in the quarter
- Nominal sales of EUR 7.4 billion, 2% higher year-on-year
- Comparable sales declined 4%, primarily reflecting weak consumer demand in Western Europe
- Emergin market sales increased from 31% to 33% of Group sales
- Strong cash flow of EUR 1.3 billion
- Proposed dividend increased to EUR 0.75 per share