LED

- Apr 24, 2017-

On April 21, philips lighting reported earnings in the first quarter of 2017, the company in 2017 1 - march revenue of 1.69 billion euros, down 0.7% compared with 2016 euros in the first quarter of 2016.Adjusted interest tax, depreciation and amortisation of 142 million euros, compared with 121 million euros.

Bring about philips lighting in the first quarter of 2017 financial data (click on image to view a larger version)

Philips lighting CEO Eric Rondolat said: "take itLEDLamps and home lighting systems business saw double-digit growth, driven in the first quarter of 2017 revenue decline than before a few quarters slowing."

In the first quarter of 2017 earnings

Sales of 1.69 billion euros, comparable sales decline 0.8%, compared with a drop of 1.3% in the first quarter of 2016, has improved;

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

Business profitability year-on-year growth;

Adjusted interest tax, depreciation and amortisation (Adjusted EBITA) of 142 million euros, compared with the same period last year only 121 million euros;

Adjusted profit margins before interest, tax, depreciation amortization (Adjusted EBITA margin) rose by 130 basis points to 8.4%, compared with only 7.1%;

Net income of 61 million euros, compared with the same period last year only 14 million euros;

Free cash flow of 2 million euros, compared with 78 million euros.

Looking forward to

In 2017, is expected to adjusted profit margins before interest, tax, depreciation amortization will further enhance 50-100 basis points, in line with the company will be adjusted profit margins before interest, tax, depreciation amortization gradually increase to 11-13% of the medium-term outlook.In addition, the company also will continue to provide stable free cash flow.Cautious though the global economic uncertainty, but the company will remain committed to achieve the ambition of comparable sales growth in 2017.Buy lamps, to the LED network


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