Philips Lighting: aims to improve margins in 2018
(CercleFinance.com) - Philips Lighting, the world's largest maker of lighting systems, said on Friday that it aims to further improve its operating margin this year.
The company said it was targeting a full-year adjusted EBITA margin of 10% to 10.5% in 2018, in line with its medium-term outlook, on the back of cost reduction initiatives.
By comparison, in 2017 the Dutch group recorded an adjusted EBITA margin of 10%, up from 9.1% in 2016.
The group also aims at delivering positive comparable sales growth over the full year, despite predicting a soft start in the first quarter.
In 2017, comparable sales increased by 0.5%.
Finally, Philips Lighting expects to generate free cash flow which is "somewhat lower" than its level in 2017, due to higher restructuring payments.
The shares, which are listed on Euronext Amsterdam, were down 2.6% at 31.2 euros after these comments.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The company said it was targeting a full-year adjusted EBITA margin of 10% to 10.5% in 2018, in line with its medium-term outlook, on the back of cost reduction initiatives.
By comparison, in 2017 the Dutch group recorded an adjusted EBITA margin of 10%, up from 9.1% in 2016.
The group also aims at delivering positive comparable sales growth over the full year, despite predicting a soft start in the first quarter.
In 2017, comparable sales increased by 0.5%.
Finally, Philips Lighting expects to generate free cash flow which is "somewhat lower" than its level in 2017, due to higher restructuring payments.
The shares, which are listed on Euronext Amsterdam, were down 2.6% at 31.2 euros after these comments.
Copyright (c) 2018 CercleFinance.com. All rights reserved.