Image Source: AsiaOne
Philips sees some improvement in Q4 2022 and takes firm actions to address operational challenges in an uncertain environmentGlobeNewswireJanuary 30, 2023January 30, 2023 Fourth-quarter highlights Group sales amounted to EUR 5.4 billion, with 3% comparable sales growth driven by component supply improvements, while Philips’ supply chain conditions remain challengingComparable order intake decreased 8%, due to lower demand for COVID-19-related products compared to 2021 and company actions to improve the order book margin profileIncome from operations amounted to EUR 171 million, compared to EUR 162 million in Q4 2021Adjusted EBITA of EUR 651 million, or 12.0% of sales, compared to EUR 647 million, or 13.1% of sales, in Q4 2021Operating cash flow was EUR 540 million, compared to EUR 720 million in Q4 2021Full-year highlights
Source: AsiaOne