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 ...
Continue reading

Signify, the world leader in lighting, is proud to unveil the Philips GrowWise smart spectrum - an innovative algorithm designed to automatically optimize horticultural LED lighting based on real-time sunlight irradiation. Signify empowers gro... READ MORE

This year's report plays a key role in aligning with the upcoming standards of the European Union and is built on a significantly broader data foundation than in previous years. For the first time, the report includes all LEDVANCE entities... READ MORE