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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Philips NV | EU:PHIA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.60 | 20.00 | 19.10 | 0.00 | 06:55:48 |
From Apr 2019 to Apr 2024
By Oliver Griffin
Koninklijke Philips N.V. (PHG) said Thursday that it expects to increase free cash flow to above 1.50 billion euros ($1.72 billion) in 2020 and reiterated its sales and adjusted Ebitda targets.
The Dutch technology company said it expects average comparable sales growth of between 4%-6% each year from 2017 to 2020.
Philips also said it continues to aim for annual improvements to adjusted earnings before interest, taxes, depreciation and amortization of 1% on average per year in the same period. It expects an improvement in organic return on invested capital in the mid-to-high teens in 2020.
The company said it has increased its productivity program aim from EUR1.2 billion by 2019 to EUR1.8 billion by 2020.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
November 08, 2018 05:03 ET (10:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Koninklijke Philips NV Chart |
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