MORE: Philips Expects 2H Health-Care Unit Improvement on Orders
2014-07-21 06:49:52.115 GMT
By Jurjen van de Pol
July 21 (Bloomberg) -- Philips expects health-care unit
performance improvement in 2H after 2Q comparable rev. fell 4%.
* Health-care unit 2Q Ebita EU225m vs EU420m; rev. -10%, comp.
rev. -4%
* Sees shipments from Cleveland facility to resume
gradually in 3Q
* Equipment order intake in China, Europe saw “high-
single digit increase” while N.A. posted “double-digit
decline”
* Lighting unit 2Q LED-based sales +43%, conventional lighting
-13%
* To bring forward restructuring of conventional lighting,
raising 2H charges to EU170m from EU100m
* NOTE June 30: Philips to combine Lumileds, Automotive in
separate co.
* Co. expects FX effect to get better in 2H, says no intention
to break up group; CEO and CFO speak in conference call
* NOTE today: Philips 2Q Sales Miss Estimates
Statement
For Related News and Information:
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To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-21 06:49:52.115 GMT
By Jurjen van de Pol
July 21 (Bloomberg) -- Philips expects health-care unit
performance improvement in 2H after 2Q comparable rev. fell 4%.
* Health-care unit 2Q Ebita EU225m vs EU420m; rev. -10%, comp.
rev. -4%
* Sees shipments from Cleveland facility to resume
gradually in 3Q
* Equipment order intake in China, Europe saw “high-
single digit increase” while N.A. posted “double-digit
decline”
* Lighting unit 2Q LED-based sales +43%, conventional lighting
-13%
* To bring forward restructuring of conventional lighting,
raising 2H charges to EU170m from EU100m
* NOTE June 30: Philips to combine Lumileds, Automotive in
separate co.
* Co. expects FX effect to get better in 2H, says no intention
to break up group; CEO and CFO speak in conference call
* NOTE today: Philips 2Q Sales Miss Estimates
Statement
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net