Philips intends to quote its lighting division

Royal Philips appears poised to quote its lighting division to focus on health and wellness segment. "Given the improvement in financial markets, compared to the first two months of the year, an IPO (Initial public offering) now seems the most likely solution," said the Dutch company in a statement explaining that the crucial decision will be taken shortly .
According to Frans van Houten, Philips number one, it is still necessary that tenders are assessed by individual investors, but at this point the way stock exchange seems down.

Philips has also published the results of the first quarter of the year, which show a net profit decline of 63% to 37 million, but exceeded expectations. The decline, says the group is linked to an increase in fees related to the planned spin-off of the lighting branch and other "financial expenses". The turnover increased by 3% to 5.5 billion euro, driven by the good results of the branch of medical equipment (+ 5%).