Philips’ Fourth Quarter Results 2012

Amsterdam, January 29, 2013

Report

Q4 2012 resultsPDF 298.4 kB

Presentation

Q4 2012 presentationPDF 2.7 MB

Webcast

Q4 2012 transcriptPDF 197.0 kB

Philips operational results improved by 50% to EUR 875 million, while net income was impacted by significant charges in Q4

Fourth-quarter highlights

  • Deal signed to transfer Audio, Video, Multimedia and Accessories business to Funai Electric Co., Ltd.
  • Comparable sales increased 3%; growth geographies up 10%
  • EBITA excluding restructuring and other charges increased by 50% to EUR 875 million, or 12.2% of sales; reported EBITA of EUR 50 million
  • Net income, excluding the European Commission fine of EUR 509 million, amounted to EUR 154 million
  • Inventories as a percentage of sales improved by 2 percentage points compared to fourth quarter of 2011
  • Free cash flow of EUR 899 million
  • Proposed dividend at EUR 0.75 per share