Philips Lighting Sales Remain Flat; Claims Restructuring is Helping Bottom Line

by Randy Reid
July 22, 2013

Shares of multinational conglomerate Philips (PHG) are rising after the company reported its comparable sales rose by 1% in the first quarter and its restructuring efforts led to improved bottom line results. WHAT’S NEW: Philips reported Q1 sales of EUR5.26B, which was up 1% on a comparable basis but down 1% including the impact of currency and portfolio changes