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Philips’ Third Quarter Results 2013

Philips’ Third Quarter Results 2013

Philips reports third-quarter comparable sales growth of 3% to EUR 5.6 billion; operational results improve by 33% to EUR 634 million Comparable sales in growth geographies up 10% EBITA increased to EUR 562 million, or 10.0% of sales, compared to 6.3% in Q3 2012 EBITA excluding restructuring and other charges increased to EUR 634 million, or 11.3% of sales Net income increased to EUR 281 million, compared to EUR 105 million in Q3 2012 Free cash flow amounted to EUR 117 million New EUR 1.5 billion share buy-back program starts on October 21 Frans van Houten, CEO: ?This was another solid quarter for Philips, especially in light of the challenging global economic environment.…
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