© philips Business | July 26, 2017
Philips reports Q2 sales of EUR 4.3 billion
Dutch Medical OEM Philips reports Q2 sales of EUR 4.3 billion, with 4 percent comparable sales growth. Net income from continuing operations amounted to EUR 161 million, driven by a 15 percent increase in adjusted EBITA to EUR 439 million.
- Sales increased to EUR 4.3 billion, with comparable sales growth of 4 percent; comparable order intake increased 8 percent compared to Q2 2016
- Net income from continuing operations amounted to EUR 161 million, compared to EUR 118 million in Q2 2016
- Adjusted EBITA improved 15% to EUR 439 million, or 10.2 percent of sales, compared to EUR 383 million, or 9.3 percent of sales, in Q2 2016
- Income from operations (EBIT) amounted to EUR 252 million, or 5.9 percent of sales, compared to EUR 265 million, or 6.4 percent of sales, in Q2 2016
- Operating cash flow totaled EUR 73 million, compared to EUR 177 million in Q2 2016
- EUR 1.5 billion share buyback program to start in the third quarter of 2017
- As of Q2 2017, Philips presents the results of Philips Lighting as a discontinued operation
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First tool arrive at GlobalFoundries new Singapore fab One year after breaking ground, GlobalFoundries can celebrate a significant milestone on the path to expand its semiconductor manufacturing capacity in Singapore. The first tool has been moved into the company's new facility on its Singapore campus.
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TE Connectivity acquires Kemtron TE advances its capabilities in electromagnetic interference and radio frequency interference shielding via the acquisition of UK-based Kemtron, including its French subsidiary Kemtron Sarl.Load more news