Philips' Second Quarter and Semi-Annual Results 2013

Philips reports second-quarter comparable sales growth of 3% to EUR 5.7 billion; operational results improve by 30% to EUR 530 million

Juli 22, 2013

  • Comparable sales in growth geographies up 12%, driven by China
  • EBITA was EUR 603 million, or 10.7% of sales, and included a EUR 78 million past-service pension cost gain in the US
  • EBITA excluding restructuring and acquisition-related charges and other gains increased to EUR 530 million, or 9.4% of sales
  • Net income of EUR 317 million, compared to EUR 102 million in Q2 2012
  • Inventories as a percentage of sales at 15.7%, a reduction of 1.5 percentage points compared to Q2 2012
  • EUR 2 billion share buy-back program completed


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