LEDs now represent 61% of Philips Lighting sales
The company is on track to further improve its Adjusted EBITA margin by approximately 50-100 basis points in 2017, in line with their medium term outlook to gradually improve the Adjusted EBITA margin to 11-13%, and to deliver solid free cash flow. Philips Lighting remains cautious given global economic uncertainty, but are committed to their ambition to return to positive comparable sales growth in the course of this year.
For more information:
Philips Lighting
www.philips.com