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Philips Delivers Q4 Sales of EUR 6 Billion, with 3% Comparable Sales Growth; Income from Continuing Operations Amounted to EUR 550 Million and Adjusted EBITA Margin Increased to 17.9%

Philips Delivers Q4 Sales of EUR 6 Billion, with 3% Comparable Sales Growth; Income from Continuing Operations Amounted to EUR 550 Million and Adjusted EBITA Margin Increased to 17.9%

Amsterdam, the Netherlands, Jan. 28 (Korea Bizwire) -  Fourth-quarter highlights Sales amounted to EUR 6 billion, with 3% comparable sales growth Comparable order intake increased 3% Income from continuing operations was EUR 550 million, compared to EUR 723 million in Q4 2018 Adjusted EBITA margin improved by 50 basis points to 17.9% of sales, compared to [...]

Cigarette Sales Down 0.7 pct in 2019 on Higher Prices

Cigarette Sales Down 0.7 pct in 2019 on Higher Prices

SEJONG, Jan. 22 (Korea Bizwire) — Sales of cigarettes in South Korea fell 0.7 percent in 2019 from a year earlier due to the government-led anti-smoking campaign and higher prices, data showed Wednesday. Smokers purchased 3.45 billion 20-cigarette packs last year, compared with the previous year’s 3.47 billion packs, according to data compiled by the [...]

Dishwashers Becoming a Necessity in S. Korean Households

Dishwashers Becoming a Necessity in S. Korean Households

SEOUL, Jan. 20 (Korea Bizwire) – The dishwasher is emerging as a must-have home appliance for South Korean households. Shinsegae Department Store said Sunday that sales of dishwashers soared 323.2 percent last year. Considering that sales of household appliances grew 20.4 percent last year, the growth in sales of dishwashers is overwhelming. Sales of dishwashers [...]

Sales of Eco-friendly SUVs on Rise

Sales of Eco-friendly SUVs on Rise

SEOUL, Jan. 12 (Korea Bizwire) — Sales of eco-friendly SUVs, including ones powered by hydrogen, jumped last year as fuel and environment-conscious customers increasingly opted for such cars, industry data showed Sunday. According to the Korea Automobile Manufacturers’ Association (KAMA), some 48,700 eco-friendly SUVs were sold here last month, accounting for 8.5 percent of the [...]

Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Department Store, one of South Korea’s leading retailers, said Tuesday that its outlet in Gangnam, an affluent area in southern Seoul, reported 2 trillion won (US$1.7 billion) in accumulated sales last year. It marks the first time for a single department store branch to achieve the milestone, the [...]

Samsung Ships Over 6.7 mln Galaxy 5G Smartphones in 2019

Samsung Ships Over 6.7 mln Galaxy 5G Smartphones in 2019

SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co. said Friday it shipped more than 6.7 million Galaxy 5G smartphones last year, solidifying its top dog status in the global 5G handset market. With solid shipment performance, Samsung said it accounted for 53.9 percent of the global 5G smartphone market as of November 2019, citing [...]