Philips: improves profitability in 2018

(CercleFinance.com) - This Tuesday, Philips has announced earnings from the continued operations that are up 13% to 1.
72 billion euros, with an adjusted EBITA margin that is up 100 basis points at 13.1%.

At 18.1 billion euros, the Dutch electronics group's revenues - which has refocused on health equipment - are up 5% in comparable terms, with orders taking up 10% in comparable terms.

Therefore having achieved its annual targets, Philips intends to offer a 6% increase in its dividend per share, at 0.85 euro, as well as a new share buyback program amounting to 1.5 billion euros.



Copyright (c) 2019 CercleFinance.com. All rights reserved.