NXP Semiconductors has announced third quarter sales of $1.034 billion, a comparable increase of 19.2 percent and a nominal increase of 20.7 percent from the second quarter of 2009. While the effects of the economic and financial crisis continue to have an impact on the industry, the increase in sales on a sequential basis was visible across all business segments and regions.
Adjusted EBITDA in the third quarter of 2009 amounted to a profit of $147 million, which is in line with the profit of $147 million in the third quarter of 2008, and up from a profit of $89 million in the second quarter of 2009. Adjusted EBITA was a profit of $55 million this quarter compared to a profit of $15 million in the same period last year and a loss of $18 million in the previous quarter.
Net income for the third quarter of 2009 was a profit of $412 million compared to a loss of $2.54 billion in the third quarter of 2008 and a profit of $344 million in the second quarter of 2009. The sequential increase in net income is largely attributable to a higher financial income as a result of the debt restructuring transactions during the quarter.
The cash position was $1.061 billion at the end of the third quarter compared to $1.373 billion at the end of the second quarter of 2009. The lower cash position largely reflects the bond buy back transactions undertaken in the quarter and the cash out as a result of the ongoing restructuring payments for the Redesign Program.
NXP Semiconductors
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