2017-01-26

Philips Lighting’s 2016 Annual Results Shows Steady Growth in LED Sales

Sales of EUR 7.12 billion (US $7.66 billion), with comparable sales of -2.4% (2015: -3.5%) Continued year-on-year improvement in operational profitability Adjusted EBITA of EUR 645 million (2015: EUR 547 million Adjusted EBITA margin improvement of 180 basis points to 9.1% (2015: 7.3%)  Net income of EUR 185 million (2015: EUR 240 million), including EUR 143 million charges not applicable in 2015 for brand license, separation costs and financial expenses  Free cash flow of EUR 418 million (2015: EUR 632 million) or 5.9% of sales
Continue reading
Samsung Electronics’ latest TV and audio lineup is earning recognition from leading global technology and home entertainment publications. From the Micro RGB TV to Neo QLED 4K and OLED TVs, Q-Series soundbars and Music Studio Wi-Fi speakers... READ MORE

Danny Wimmer Presents’ (DWP) Sonic Temple Art & Music Festival, one of the nation’s premier hard rock and metal festivals, brings thousands of fans to Historic Crew Stadium in Columbus, Ohio, for four days of performances acros... READ MORE