Philips reported its financial results for the fourth quarter and full year 2017. Q4 sales amounted to €5.3 billion ($6.57 billion) and net income was €899 million ($1.11 billion), representing flat sales and a 40% growth in net income compared to Q4 of 2016. For the full year sales were €17.78 billion ($22.05 billion), compared to €17.42 billion reported in 2016 and net income was €1.87 billion ($2.32 billion) compared to €1.49 billion.
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