Van Houten Outlines Likelihood of a Philips Lighting IPO

Royal Philips NV said an initial public offering of its lighting business is becoming more likely as first-quarter profit rose more than estimated. Adjusted earnings before interest, taxes and amortization rose 14 percent to 374 million euros ($420 million), the Amsterdam-based company said in a statement Monday. Analysts predicted 362 million euros. Philips CEO Frans Van Houten discusses business with Bloomberg’s Anna Edwards on “Countdown.”

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