PHG - Philips Non-GAAP EPS of Euro0.15 revenue of Euro3.92B

Philips press release (NYSE:PHG): Q1 Non-GAAP EPS of €0.15. Revenue of €3.92B (+2.3% Y/Y) 4% Comparable sales decline 4% on the back of 9% comparable sales growth in Q1 2021. Comparable order intake increased 5%, driven by the Diagnosis & Treatment businesses and Hospital Patient Monitoring. Adjusted EBITA of €243M, or 6.2% of sales, compared to 9.5% of sales in Q1 2021. Operating cash flow was an outflow of €227M, compared to an inflow of €321M in Q1 2021.

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Philips Non-GAAP EPS of €0.15, revenue of €3.92B