Philips reiterates its targets of 4-6% comparable sales growth and an Adjusted EBITA margin improvement of 100 basis points on average per year for the 2017–2020 period , and an improvement of the organic Return on Invested Capital (ROIC) to mid-to-high teens in 2020. The company expects to increase the annual free cash flow to above EUR 1.5 billion in 2020 . Philips increased its productivity program from EUR 1.2 billion by 2019, to EUR 1.8 billion by 2020.
Presentations at Philips’ headquarters in Amsterdam will start at 11:30 am CET. Until approximately 15:45 pm CET, the plenary sessions can be followed via a live webcast. A video summary of the subsequent business zooms will be made available soon after the end of the event. Please click on this link to follow the webcast and download the slides that will be used during the day.
 Comparable sales exclude the effect of currency movements and acquisitions and divestments (changes in consolidation). Philips believes that comparable sales information enhances understanding of sales performance; Adjusted EBITA is defined as Income from operations (EBIT) excluding amortization of acquired intangible assets, impairment of goodwill and other intangible assets, restructuring charges, acquisition-related costs and other one-time charges and gains.
 Free cash flow adjusted for one-time pension contributions and significant litigation
 New product sales over three years based on YTD Q3 2018