This reports the technology Monday with the publication of its quarterly results. Philips saw sales decline by 2 percent last quarter compared to a year earlier, to 5.86 billion euros.
The one-time items adjusted operating profit (EBITA) improved by 43 million euros to 544 million euros. Net income increased from 274 million to 431 million. This was partly due to the compensation Philips received the Japanese Funai.
The group pointed to the financial markets, which are under high voltage by political and economic turmoil. This may be the timing and the proceeds from planned sales pressurization, warned chief executive Frans van Houten. This involves inter alia shares in the newly privatized Philips Lighting and the sale of part Lumileds, which is expected to take place in the coming months.
Solid
Van Houten stressed in a statement Philips last quarter ” solid ” performance has made and has good chances for the results to further improve in the coming period. ” But we also read the news and believe that we live in a very fragile world. “
The CEO said inter alia the brexit, the recent terrorist attacks and the uncertainty surrounding the elections in the United States. ” This could reduce consumer spending. That does not happen, but forecasts for economic growth have been lowered in recent times. ”
Health
Philips focuses since the departure of lighting, which still have a great share has on healthcare technology. Comparable store sales in that area took in the second quarter by 5 percent last year. Thereby doing especially devices that help people live healthier lives well. The proceeds from the sale of hospital equipment stabilized.
That rose Philips net profit is partly due to the compensation Philips received the Japanese Funai. That company recently paid 144 million euros for the failed sale of the division Lifestyle Entertainment Philips to Funai in 2013.
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