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    Dr. Sara George Muthoot receiving the Lifetime Achievement Award from Ambassador Deepak Vohra, Former Indian Diplomat and Special Advisor, at a ceremony held in New Delhi

    Dr. Sara George Muthoot Receives Lifetime Achievement Award

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    Dr. Sara George Muthoot receiving the Lifetime Achievement Award from Ambassador Deepak Vohra, Former Indian Diplomat and Special Advisor, at a ceremony held in New Delhi

    Dr. Sara George Muthoot Receives Lifetime Achievement Award

    10 Transformative Innovations for Climate Action and Planetary Health

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Supercomputing India 2025 Sets the Stage for HPC, AI, and Quantum Innovation

    Global health security hangs in the balance in a volatile and uncertain world, report emphasizes

    MaraK Shoes Announces October 17, 2025 Grand Opening at Faneuil Hall Marketplace

  • National
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    TTD Approves New Tirupati Temple in Mangaluru: TTD Member S Naresh Kumar

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

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    JSW MG Motor India Launches the Windsor Inspire Edition

    Tata Motors Commercial Vehicles advances zero-emission trucking, delivers state-of-the-art Prima E.55S electric prime movers to Enviiiro Wheels Mobility

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    • Food
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    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

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    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Knot.dating Becomes Operationally Profitable Faster Than Expected

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Philips’ Fourth Quarter and Annual Results 2019

by FWM
January 28, 2020
in Business
0

Business Highlights Q4 2019 Philips continues to set the standard in integrated solutions for image-guided therapy with the expansion of its Azurion platform with FlexArm and the seamless integration of its smart catheters in the platform.

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Jan 28, 2020

Philips delivers Q4 sales of EUR 6 billion, with 3% comparable sales growth; income from continuing operations amounted to EUR 550 million and Adjusted EBITA margin increased to 17.9%

Fourth-quarter highlights

  • Sales amounted to EUR 6 billion, with 3% comparable sales growth
  • Comparable order intake increased 3%
  • Income from continuing operations was EUR 550 million, compared to EUR 723 million in Q4 2018
  • Adjusted EBITA margin improved by 50 basis points to 17.9% of sales, compared to 17.4% of sales in Q4 2018
  • Income from operations amounted to EUR 730 million, compared to EUR 769 million in Q4 2018
  • EPS from continuing operations (diluted) amounted to EUR 0.61; Adjusted EPS from continuing operations (diluted) increased 9% compared to Q4 2018 to EUR 0.83
  • Operating cash flow amounted to EUR 1,271 million, compared to EUR 1,293 million in Q4 2018; free cash flow was EUR 959 million, compared to EUR 1,019 million in Q4 2018

 Full-year highlights

  • Sales increased to EUR 19.5 billion, with 4% comparable sales growth
  • Comparable order intake increased 3%
  • Income from continuing operations was EUR 1,192 million, compared to EUR 1,310 million in 2018
  • Adjusted EBITA margin increased 10 basis points to 13.2% of sales, compared to 13.1% of sales in 2018
  • Income from operations amounted to EUR 1,644 million, compared to EUR 1,719 million in 2018
  • EPS from continuing operations (diluted) amounted to EUR 1.30; Adjusted EPS from continuing operations (diluted) increased 15% compared to 2018 to EUR 2.02
  • Operating cash flow totaled EUR 2,032 million, compared to EUR 1,780 million in 2018; free cash flow increased to EUR 1,053 million, compared to EUR 984 million in 2018
  • Proposed dividend of EUR 0.85 per share

 Company update

  • Philips to review ownership options for the Domestic Appliances business
  • Roy Jakobs appointed as the new Chief Business Leader of the Connected Care businesses, succeeding Carla Kriwet, who will leave the company

 Frans van Houten, CEO:

 “I am encouraged that the three business segments together delivered 4% comparable sales growth and an Adjusted EBITA margin improvement of 120 basis points in the fourth quarter, despite a more challenging environment. This performance was partly offset by lower IP royalties compared to Q4 2018, resulting in 3% comparable sales growth and an Adjusted EBITA margin improvement of 50 basis points for the Group. Comparable order intake grew a further 3%, on the back of strong 10% growth in Q4 2018.
For the full year, we are pleased to have grown the company to EUR 19.5 billion sales with 4.5% comparable sales growth, achieving a free cash flow of more than EUR 1 billion, and increasing adjusted earnings per share from continuing operations by 15%. Our profitability improvement of 10 basis points for the year fell short of our plan, partly due to headwinds.
Looking ahead at 2020 we continue to see geopolitical and economic risks. We aim for 4-6% comparable sales growth and an Adjusted EBITA margin improvement of around 100 basis points, with a performance momentum that is expected to improve in the course of the year.”

FWM

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