PHILPS lighting 2017 first quarter earnings report, LED revenue growth of 19%

In April 21st, PHILPS lighting announced 2017 first quarter earnings, revenues of 1 billion 690 million euros in 2017 1-3 months, compared with 1 billion 702 million in the first quarter of 2016 the euro fell 0.7%; adjusted EBITDA of 142 million euros, 121 million euros for the same period last year.

The main financial data during the first quarter of 2017, PHILPS lighting

PHILPS lighting CEO Eric Rondolat, said: by LED lights and home lighting systems business to promote double-digit growth in the first quarter of 2017, the decline in revenue in the first quarter compared with the previous slowdown".

2017 first quarter earnings focus

The sales amounted to 1 billion 690 million euros, the comparable sales decline of 0.8%, compared to the first quarter of 2016 1.3% decline, improved;

The overall LED sales growth of 19%, accounting for 61% of all sales;

The business profitability year-on-year growth;

Adjusted interest income before depreciation and amortization (Adjusted EBITA) was 142 million euros, compared with only $121 million a year earlier;

Adjusted interest rate before tax depreciation and amortization of (Adjusted EBITA margin) increased by 130 basis points to the same period last year was only $7.1%;

The net income of 61 million euros a year earlier, only 14 million euros;

The free cash flow amounted to 2 million euros, for the same period last year -7800 million euros.

expectation

2017, is expected to adjust the interest rate before the tax depreciation and amortization of the profit margin will be further increased by 50-100 basis points, in line with the company's adjusted interest rate depreciation and amortization of profit margins gradually increased to 11-13% in the medium-term outlook. In addition, the company will continue to provide a stable free cash flow. Although cautious about global economic uncertainty, the company is committed to achieving a positive growth in comparable sales in 2017. (compile: LEDinside Nicole)

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