PHILPS lighting in 2017 first quarter earnings report released, 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 of the first quarter of 2017, PHILPS lighting

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

The first quarter of 2017 earnings focus

? 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;

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

Business profitability continued to grow up?;

Adjusted EBITDA (Adjusted EBITA) for 142 million euros, only 121 million euros a year earlier;

The rate of profit adjusted EBITDA (Adjusted EBITA margin) increased 130 basis points to 8.4% for the same period last year, only 7.1%;

? net income amounted to 61 million euros, only 14 million euros a year earlier;

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

expectation

In 2017, estimated adjusted EBITDA ratio will further enhance 50-100 basis points, in line with the company will be adjusted EBITDA rate gradually increased in mid - to the prospect of 11-13%. In addition, the company also will continue to provide free cash flow stability. Although cautious about the global economic uncertainty, but the company will remain committed to achieving the 2017 sales growth is more than ambition. (compiled: LEDinside Nicole)

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