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Philips reports Q4 sales of EUR 7.6 billion

  • Healthcare showed strong Q4 sales growth of 9% and improved earnings; lower sales at Consumer Lifestyle and parts of Lighting reflect the challenging retail and automotive markets
  • Rigorous management of working capital secured strong cash flow; production stops to manage inventory impacted EBITA by EUR 60 million
  • Net quarterly loss of EUR 1.5 billion includes EUR 1.3 billion of non-cash value adjustments and EUR 150 million of year-end tax adjustments
  • Proposal to distribute EUR 0.70 per share for 2008
  • Full-year sales of EUR 26.4 billion delivered EBITA of EUR 931 million
 
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