Philips Q3 Report 2023

Quarterly Performance

• Strong CSG with contribution from all business segments and geographies
• Lower OIT due to high comparison base, substantially lower China, and long lead times
• Order book will continue to support revenue growth; actions in place to improve OIT by reducing lead times and leveraging innovations
• Productivity initiatives delivered EUR 258 million savings
• Adj. EBITA driven by increased sales, pricing and productivity measures
• Strong Operating Cash flow driven by earnings and working capital