PHILPS lighting sales in 2017 reached 54 billion 700 million, the annual net income of 2 billion 200 million

The day before, PHILPS lighting announced 2017 fourth quarter and full year 2017 earnings. The fourth quarter of last year, the company achieved sales of 1 billion 892 million euros (about 14 billion 850 million yuan), an increase of 3%; net income of 38 million euros (about 298 million yuan), down.

The market area, Europe, the United States and Chinese market contributed to revenue growth, while the Middle East, the Turkey market, especially in Saudi Arabia, is still challenging. From the product perspective, PHILPS lighting Lamps the fourth quarter of last year achieved sales of 442 million euros, LED sales of 440 million euros, special product sales of 781 million euros, household products business sales of 232 million euros.

In 2017 fourth quarter earnings focus

Sales of 1 billion 892 million euros, year-on-year sales growth of 3%, while the 2016 Q4 sales were down 3.2%

The overall LED sales growth of 19%, accounting for 68% of total sales, which accounted for 59% of Q4 in 2016;

The adjusted EBITDA of 207 million euros, and 188 million euros in 2016 Q4;

The adjusted EBITDA growth rate by 120 basis points to 10.9%, and in 2016 9.7% Q4;

Net income amounted to 38 million euros, and 63 million euros in 2016 Q4;

Free cash flow for 434 million euros, and 272 million euros in 2016 Q4.

In addition, PHILPS lighting in 2017 annual sales of 6 billion 965 million euros (about 54 billion 650 million yuan), an increase of 0.5%; the annual net income of 281 million euros (about 2 billion 200 million yuan), an increase of.

From the product perspective, PHILPS lighting Lamps 2017 annual sales of 1 billion 820 million euros, LED sales of 1 billion 703 million euros, special product sales of 2 billion 755 million euros, household products business sales of 684 million euros.

2017 full year earnings focus

Sales of 6 billion 965 million euros, year-on-year sales growth of 0.5%, while in 2016 the annual sales of 2.4% year-on-year decline;

The overall LED sales growth of 19%, accounting for 65% of total sales, and in 2016 the year accounted for 55%;

The adjusted EBITDA of 699 million euros, and 645 million euros for the year 2016;

The adjusted EBITDA growth rate by 90 basis points to 10%, and 9.1% for the whole of 2016;

Net income amounted to 281 million euros, and 185 million euros for the year 2016;

Free cash flow for 403 million euros, and 418 million euros for the year 2016.

expectation

In 2018, PHILPS lighting is expected to be adjusted EBITDA rate will achieve 10%-10.5% growth, in line with the medium-term outlook. The company will continue to reduce the cost of the second half of 2018, is expected to achieve greater cost savings and profit from. At the same time, with a smooth start in the first quarter, is expected to achieve an annual sales growth. In addition, due to the restructuring of higher cost, free cash flow in 2018 will be slightly lower than the level of 2017, but the company will provide free cash flow stability. (compiled: LEDinside Janice)

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