Philips’ Fourth Quarter Results 2013

Amsterdam, January 28, 2014

Report

Q4 2013 resultsPDF 344.5 kB

Presentation

Q4 2013 presentationPDF 3.6 MB

Webcast

Q4 2013 transcriptPDF 192.0 kB

Philips reports fourth-quarter comparable sales growth of 7%; operational results up by 20%; 2013 financial targets achieved

Fourth-quarter highlights

  • Comparable sales in growth geographies up 15%
  • EBITA amounted to EUR 884 million, or 13.0% of sales, compared to a loss of EUR 50 million in Q4 2012
  • EBITA excluding restructuring and other charges increased to EUR 915 million, or 13.5% of sales, compared to EUR 765 million, or 11.3% of sales, in Q4 2012
  • Net income amounted to EUR 412 million
  • Free cash flow of EUR 608 million

Full-year highlights

  • Full-year comparable sales increased 3% to EUR 23.3 billion
  • Full-year EBITA increased to EUR 2.5 billion, or10.5% of sales, compared to EUR 1.1 billion, or 4.7% of sales, in 2012
  • Return on invested capital was 15.3% for the year
  • Proposal to increase dividend to EUR 0.80 per share