Chinese and Russian market demand soft PHILPS Q3 performance frustrated

Poor exchange rate, weak demand in China and Russia, resulting in PHILPS earnings than expected, a loss.

PHILPS 20 announced third quarter earnings: revenue (7-9 months) for 5 billion 540 million euros (about 43 billion 419 million yuan), lower than the same period last year 5 billion 590 million euros (about 43 billion 811 million yuan); stand ahead of earnings before interest and tax (EBITA) decreased by 16% to 536 million euros (about 4 billion 201 million yuan); net profit loss of 103 million the euro (about 807 million yuan), less than the same period last year net profit of 281 million euros (about 2 billion 202 million yuan).

PHILPS CEO Frans Houten Van said they are not satisfied with the overall performance of Q3, PHILPS in China and other markets, sales continued to put soft. Houten said that the situation in Russia is still tense, the market in health care, science and technology, lighting and other needs a lot of investment, but the current resistance is relatively large.

PHILPS's third quarter revenue performance of each department, health department revenue increase of 1% to 2 billion 234 million euros (about 17 billion 509 million yuan), lighting sector annual reduction of 1% to 2 billion 56 million euros (about 16 billion 113 million yuan), consumer sector revenue increased 5% year to 1 billion 114 million euros (about 8 billion 731 million yuan), the R & D department the annual reduction of 15% to 143 million euros (about 1 billion 121 million yuan).

As of 20 pm, at 4 points, PHILPS in Holland stock market fell from 3.22% to 21.36 euros (equivalent to about RMB 167.77 yuan).

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