Royal PHILPS 15 years Q4 loss lighting business contrarian growth of 3%

Tencent securities news, according to market observation network reported that Holland Royal PHILPS (Royal Philips NV) announced a net loss in the fourth quarter of last year. However, after the removal of its lighting business, its operating results continued to improve.

According to the company, in the first three months of December 31st, the company's sales grew by 9% to $7 billion 100 million. Net loss of 39 million euros ($42 million), compared to the same period last year, net profit of 134 million euros, the gap is very large. The reason for the loss is largely due to pensions and other special projects. EBIT adjusted earnings as a measure of the company's operating performance preferred measure, from 743 million euros a year earlier to $842 million.

Recent earnings reports may be the last wave of PHILPS released before the completion of the release of the lighting business, and lighting business in PHILPS's history has been nearly 125 years. The current PHILPS lighting business is considering the sale or initial public offering (IPO). PHILPS proposed the strategic reform plan is to focus attention on its lucrative medical technology research and development activities and related products.

In addition, PHILPS said that thanks to the strong number of orders and favorable exchange rate impact, its health care sector sales increased by 15%. Meanwhile, its lighting business sales grew by 3%.

Finally, PHILPS said that taking into account the macroeconomic environment is still full of challenges, comparable sales growth in 2016 or will not warm not fire.

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