Philips satisfied with 3rd quarter

In Q3 2015 Philips had a turnover of EUR 5,836 m, against EUR 5,194 m in the same quarter last year, giving an increase of EUR 642 m.

Net result was an increase of EUR 324 m compared with a drop of EUR 103 m last year.

The lighting division made EUR 1,830 m (last year: EUR 1,705 m), the other divisions (Healthcare, Consumer Lifestyle und Innovation) taken together made EUR 4,006 m against EUR 3,489 Mio. last year.

In Western Europe EUR 1,435 m was made, in North America EUR 1,983 m (+ 21% against last year), in China, Middle East and Turkey the group suffered setbacks.

With the sale of the lamps business in the 1st half-year 2016 Philips is on target; all options are being considered, from flotation to sale.