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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Philips NV | NYSE:PHG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.35 | 1.69% | 21.07 | 21.15 | 20.955 | 20.97 | 924,186 | 01:00:00 |
From Apr 2019 to Apr 2024
AMSTERDAM—The Netherlands' Royal Philips NV said Monday its third-quarter earnings further improved thanks to higher sales at its core health-care technology operations and cost savings.
Adjusted earnings before interest, taxes and amortization were €649 million ($705.26 million), a 14% rise compared with the same period last year, while net profit rose 18% to €383 million.
Sales rose 1% to €5.9 billion. Philips said its health-care technology operations reported 5% comparable sales growth with 8% growth in order intake, which was partly offset by a 3% sales decline at Philips Lighting.
Philips this year floated its lighting business through an initial public offering but still has a 71% stake in the company.
Looking ahead, Philips maintained its full-year outlook and said it expects earnings to further improve in the fourth quarter despite concerns about "risk due to volatility in the markets in which we operate."
Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com
(END) Dow Jones Newswires
October 24, 2016 02:05 ET (06:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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