Sunday, October 21, 2018

Philips Q3 Profit From Cont. Opns Climbs; Reiterates 2017-2020 Outlook

Dutch consumer electronics giant Philips Electronics NV reported Monday lower net profit in its third quarter mainly due to the deconsolidation of Lighting. Profit from continuing operations climbed with improved margin and sales. Order intake also increased. Looking ahead, the company reiterated targets for the 2017-2020 period of 4-6 percent comparable sales growth.

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