Poor market conditions PHILPS Q4 profit below expectations

PHILPS (Royal Philips) announced fourth quarter profit below the original estimate, and expressed by the delay in shipping, exchange rate shocks and poor market conditions, backward in 2016 to achieve financial goals. PHILPS shares fell 5.4% in early trading on the morning of 27.

The CEO of Marriott London (Frans van Houten) said that no comparable sales growth, earnings before interest and tax depreciation and amortization (EBITA) and capital investment rate of return (ROIC), were behind the 2016 target one percentage point. "We look at the global economic outlook with caution, and expect some volatility in the terminal market. This year it is expected that due to the reorganization and division of the company, there will be occasional costs. "

The CEO of Marriott London, this year is a crucial year, Yinwanhaodun must prove that the lighting will be split to focus on career, health care equipment and utilities, and the establishment of the hospital for 15 years or more of the contract is the right decision. PHILPS estimates, strong demand for data from the hospital, providing data to help the hospital monitoring and analysis of the health of patients, reduce unnecessary visits, and accelerate operational efficiency and medical procedures.

PHILPS said the day before the fourth season by production delays, currency fluctuations and weak demand, adjust before interest and tax depreciation amortization earnings of 743 million euros (about 5 billion 238 million yuan).

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).