Lifting Rod,Steel Level Lifting Rod,Alloy Steel Level Lifting Rod,Steel Lifting Rod Wuxi Sixleaf Machinery Co. LTD , https://www.wxsixleafmachine.com
Philips Lighting's final season adjusted EBITA rose 10% better than expected
Philips Lighting, the world's largest lighting manufacturer, announced its quarter-end results as of the end of last year. The quarterly sales were 1.892 billion euros, and the benchmarks fell 2.2% year-on-year; sales on a comparable basis increased 3%. Benefited by reduced cost and reduced R&D expenditure, adjusted earnings before tax and amortization (EBITA) recorded 207 million euros, up 10.1% year-on-year, higher than the market's largest lighting manufacturer Philips Lighting announced its end-end results as of the end of last year The quarterly sales were 1.892 billion euros, and the benchmarks fell 2.2% year-on-year; sales increased by 3% on a comparable basis. Benefiting from cost reductions and lower R&D expenditures, adjusted earnings before tax and amortization (EBITA) recorded 207 million euros, up 10.1% year-on-year, higher than the market estimate of 198 million euros. In addition, for the whole year, EBITA recorded nearly 700 million euros, up 8.4% year-on-year. The company paid a dividend of 1.25 euros for the whole year. Looking forward to this year, the company expects sales to grow, with EBITA rates ranging from 10% to 10.5%. Philips Lighting also announced that it plans to repurchase shares worth 150 million euros this year through the acquisition of shares sold by major shareholders.