Royal Philips Expects Free Cash Flow Above EUR1.5 Billion in 2020
November 08 2018 - 5:18AM
Dow Jones News
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.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
November 08, 2018 05:03 ET (10:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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