Vladimír Urbánek (Kurzy.cz)
World markets  |  October 22, 2012 11:37:13

Philips 3Q results beat estimates


World leader in the manufacture of light sources, the Dutch Royal Philips Electronics, announced that in Q3 of this year, the growth in gross profit before tax and amortization up by 43% to 562 million euros, which is quite significantly exceeded market expectations set in this matter 520 miles . EUR.
Net profit reached 170 million euros.
Total comparable sales grew by 5% and amounted to 6.13 mld.EUR and exceeded estimates and set to an average of 5.95 mld.EUR.

Comparable sales in the consumer electronics division in Q3 grew by 3% due to double-digit growth of interest in the division of personal care, health and body care and home appliances division. This growth made up double-digit decline in the consumer electronics division, where there is a large decline in conventional products.The management in this regard, said that he was looking for ways to adjust the portfolio closer to current trends - support facilities for smartphones and tablets and the like. EBITA margin in the whole division was at the level of 8.5%.

Lighting division sales rose by 4%. Revenues based on LED lighting technologies have increased by 51% and high now represent 24% of total sales in the lighting division.

EBITA margin reached 2.2% level. Excluding some one-time items, this indicator grew by 7%.

The management said that in 3Q reduce overall costs by 306 million euros, which allows lift overall savings target to 1.1 mld.EUR.

Philips shares responded to the report of growth of less than Euro to € 19.98 per share. Title to this year made better by 23% and its total market capitalization has risen to 19 mld.EUR.
Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section World markets:

Čt 22:00  Closing Bell & výhled na 23. 2. – trh zachovává ostražitost Grant Capital (Grant Capital)
Čt 16:32  Týdenní změna zásob zemního plynu Grant Capital (Grant Capital)
Čt 10:19  ECB dnes zahýbe s trhy Grant Capital (Grant Capital)

Read also:

November 04, 2016Výsledky BMW za 3Q překonaly odhady Research (J&T BANKA)
October 31, 2016Výsledky BNP Paribas za 3Q překonaly odhady Research (J&T BANKA)
October 27, 2016Výsledky Twitteru za 3Q překonaly odhady, ztráta se snížila Vladimír Urbánek (Kurzy.cz)
October 27, 2016Výsledky Biogenu za 3Q překonaly odhady Research (J&T BANKA)
October 27, 2016Výsledky Barrick Gold za 3Q překonaly odhady Research (J&T BANKA)

Výsledky Philipsu za 3Q překonaly odhady

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688