April 23, 2018 / 5:11 AM / a month ago

BRIEF-Koninklijke Philips Q1 Sales Rise To 3.9 Billion Euros

April 23 (Reuters) - KONINKLIJKE PHILIPS NV:

* Q1 RESULTS

* SALES IN THE QUARTER WERE EUR 3.9 BILLION, WITH COMPARABLE SALES GROWTH OF 5%

* Q1 NET INCOME FROM CONTINUING OPERATIONS WAS EUR 94 MILLION

* Q1 ADJUSTED EBITA MARGIN IMPROVED BY 130 BASIS POINTS TO 8.7% OF SALES, COMPARED TO 7.4% OF SALES IN Q1 2017

* Q1 OPERATING CASH INFLOW TOTALED EUR 92 MILLION

* Q1 EBITA EUR 263 MILLION VERSUS EUR 212 MILLION IN REUTERS POLL

* PHILIPS - CONTINUES TO MAKE PROGRESS IN LINE WITH THE TERMS OF THE CONSENT DECREE, WHICH IS PRIMARILY FOCUSED ON THE DEFIBRILLATOR MANUFACTURING IN US

* PHILIPS - REITERATE TARGETS FOR THE 2017–2020 PERIOD OF 4-6% COMPARABLE SALES GROWTH

* REUTERS POLL: Q1 SALES EUR 3.92 BILLION; Q1 EBITA EUR 212 MILLION Source text for Eikon: philips.to/2Hjrdbl Further company coverage: (Gdynia Newsroom:)

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