2013-07-23

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 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 ...
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