Koninklijke Philips Q4 Comparable Order Intake Up 2%, Driven By North America And Growth Markets; Comparable Sales Rise 1%, With 5% Growth Outside China Offset By A Double-Digit Decline

Benzinga
19 Feb

Comparable order intake increased 2% in the quarter, with strong performance in the North America and Growth geographies, partly offset by a double-digit decline in demand in China. Group comparable sales increased 1% in the quarter, with solid growth of 5% in the rest of the world, largely offset by a double-digit decline in China, where market conditions are expected to remain uncertain. 

Adjusted EBITA increased 60 basis points to 13.5% in Q4, driven by operational improvements and productivity measures. Free cash flow increased to EUR 1.3 billion in the quarter, driven by Respironics insurance proceeds, partly offset by phasing in working capital

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