Philips Targets 4%-6% Annual Sales Growth Over Medium Term
04 Novembro 2016 - 06:15AM
Dow Jones News
By Ian Walker
Koninklijke Philips N.V. (PHIA.AE) Friday set a medium-term
target of 4%-6% comparable sales growth a year, as it transforms
into a focused HealthTech firm.
Philips is also targeting a 100 basis point improvement in
adjusted earnings before interest, taxes and amortization on
average per year for the next three to four years and expects to
improve the return on invested capital to the mid-to-high teens
based on its organic growth plan.
The company said it expects to generate 1 billion euros ($1.11
billion) to EUR1.5 billion in cash annually.
"The businesses in our HealthTech portfolio are strong and have
the right fundamentals for sustained profitable growth," Chief
Executive Frans van Houten said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
November 04, 2016 04:00 ET (08:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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