Philips Simplifying, the world’s largest maker of lights, reported better-than-expected core fourth-quarter earnings on Friday, underpinned by cost-cutting and quieten research and
development expenses.
Adjusted earnings before interest, strains, and amortization (EBITA) came in at 207 million euros ($258.67 million), the company believed, compared with 188 million euros a year ago. Analysts registered for Reuters had seen EBITA at 198 million euros.