Frans van Houten, CEO: “Philips’ first-quarter 2016 results reflect solid comparable sales growth across our HealthTech businesses and our LED Lighting business, bolstered by the successful launch of several new products. We also delivered continued operational improvements throughout the company, driven by higher volume and improved product mix. Our overall performance strengthened, supported by the ongoing benefits of our multi-year Accelerate! transformation program, despite challenging macro-economic conditions in several markets.

Currency-comparable order intake up 15%, driven by North America, China and Western Europe Adjusted EBITA1) improved 50 basis points to 11.9% of sales and amounted to EUR 842 million EBITA amounted to EUR 263 million, or 3.7% of sales• Net loss of EUR 39 million, impacted by one-time charges including previously announced pension de-risking, compared to net income of EUR 134 million in Q4 2014 Free cash flow of EUR 740 million, compared to EUR 559 million in Q4 2014 Philips Lighting separation process on track