First Quarter Results 2013


Philips operational results improve by 31% to EUR 421 million; net income at EUR 162 million

April 22, 2013

• Comparable sales increased by 1%; growth geographies up by 4%

• EBITA was EUR 402 million or 7.6% of sales

• EBITA excluding restructuring and acquisition-related charges increased to EUR 421 million or 8.0% of sales, a significant improvement over the 6.1% of sales in Q1 2012

• Net income of EUR 162 million was significantly better than Q1 2012 excluding one-off gains

• Consumer Lifestyle sales grew 10%; the Audio, Video, Multimedia and Accessories business is reported as discontinued operations as of Q1 2013 following the signing of the agreement with Funai

• Free cash flow was EUR 78 million, excluding payment of the EUR 509 million European Commission fine

• Inventories as a percentage of sales improved by 1.4 percentage points compared to Q1 2012


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