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Koninklijke Philips NV Confirms FY 2016 Sales Targets; Comments on FY 2016 EBITA Guidance-Reuters


Tuesday, 17 Sep 2013 05:42am EDT 

Reuters reported that Koninklijke Philips NV is keeping its sales growth target of 4-6% for the period up to the end of fiscal year 2016 unchanged. The Company also said it was targeting a margin of 11-12% on earnings before interest, tax and amortisation (EBITA) for fiscal years 2014-2016, compared with the 10-12% it is aiming for in fiscal year 2013.