Philips lighting seasonally adjusted EBITA rose 10% better than expected

Philips Lighting, the world's largest lighting manufacturer, posted a quarter-to-final quarterly result of 1.892 billion euros, down 2.2% on a yearly basis and 3% on a comparable basis. Benefit reduction in cost and R & D expenses, adjusted EBITDA was 207.0 million euros, up 10.1% from the previous year and above the market estimate of 198 million euros. The other year, EBITA recorded nearly 700 million euros, up 8.4%. Last year, the company paid a dividend of 1.25 euros.

Looking forward to the full year this year, corporate sales are expected to grow with EBITA rates ranging from 10% to 10.5%. Philips Lighting further announced that it plans to buy back a value of 150 million euros this year through the acquisition of shares sold by its major shareholders.