Koninklijke Philips NV (NYSE:PHG)
Historical Stock Chart
1 Year : From Oct 2018 to Oct 2019
By Oliver Griffin
Koninklijke Philips N.V. (PHG) said Thursday that it expects to increase free cash flow to above 1.50 billion euros ($1.72 billion) in 2020 and reiterated its sales and adjusted Ebitda targets.
The Dutch technology company said it expects average comparable sales growth of between 4%-6% each year from 2017 to 2020.
Philips also said it continues to aim for annual improvements to adjusted earnings before interest, taxes, depreciation and amortization of 1% on average per year in the same period. It expects an improvement in organic return on invested capital in the mid-to-high teens in 2020.
The company said it has increased its productivity program aim from EUR1.2 billion by 2019 to EUR1.8 billion by 2020.
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(END) Dow Jones Newswires
November 08, 2018 05:03 ET (10:03 GMT)
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