Philips: improves profitability in 2018
(CercleFinance.com) - This Tuesday, Philips has announced earnings from the continued operations that are up 13% to 1.
72 billion euros, with an adjusted EBITA margin that is up 100 basis points at 13.1%.
At 18.1 billion euros, the Dutch electronics group's revenues - which has refocused on health equipment - are up 5% in comparable terms, with orders taking up 10% in comparable terms.
Therefore having achieved its annual targets, Philips intends to offer a 6% increase in its dividend per share, at 0.85 euro, as well as a new share buyback program amounting to 1.5 billion euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
72 billion euros, with an adjusted EBITA margin that is up 100 basis points at 13.1%.
At 18.1 billion euros, the Dutch electronics group's revenues - which has refocused on health equipment - are up 5% in comparable terms, with orders taking up 10% in comparable terms.
Therefore having achieved its annual targets, Philips intends to offer a 6% increase in its dividend per share, at 0.85 euro, as well as a new share buyback program amounting to 1.5 billion euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.