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Koninklijke Philips N.V.
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Publicatie datum
14 apr 2008 - 07:05
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips reports EBITA of EUR 265 million, driven by Healthcare and Lighting
Bericht
April 14, 2008
PHILIPS REPORTS EBITA OF EUR 265 MILLION, DRIVEN BY HEALTHCARE AND LIGHTING
• Group sales increase to EUR 5,965 million; growth in Healthcare and Lighting offset by lower television sales.
• Ongoing growth at Healthcare with 5% higher sales; 9% higher equipment order intake, including double-digit growth in North America.
• Continuing strong growth of 17% in emerging markets.
• Decisive action taken to improve the profitability of the television business through an alliance with Funai in North America and optimization of the global supply base.
• Net income of EUR 219 million, compared with EUR 875 million in Q1 2007, when EUR 650 million higher gains on the sale of stakes boosted the bottom line.
• Vision 2010 EBITA target specified and upgraded to 10-11%.
Gerard Kleisterlee, President and CEO of Royal Philips Electronics:
"We look back on a quarter with essentially good financial performance across most of our businesses. Unfortunately our results are clouded, more than we like, by the adverse situation in our TV business, significantly lower incidental license income and some acquisition-related charges impacting EBITA.
I'm particularly pleased about the continuing progress in our Healthcare sector. Together with the solid performance in Lighting and the non-TV businesses in Consumer Lifestyle, this underscores the robustness of our business portfolio in times of economic headwind. Also our excellent growth in emerging markets is a confirmation of the benefits of our good geographic spread. With respect to our TV business we took the decisive action we had promised and I compliment our Consumer Lifestyle team for subsequently coming up quickly with a value-creating solution.
With the integration of Respironics, VISICU and Genlyte having started and our current share buy-back program in full swing, we are also in a position to reaffirm our confidence in achieving our Vision 2010 target of more than doubling our EBITA per share and to upgrad
Datum laatste update: 06 oktober 2024