Philips reports second-quarter EBITA of EUR 527 million and sales of EUR 6.2 billion

juli 19, 2010

• Comparable sales up 12%, led by double-digit growth at Lighting and Consumer Lifestyle
• Emerging markets sales growth accelerates to 29%, now representing over one-third of Group sales
• EBITA of EUR 527 million, or 8.5% of sales
• EBITA, excluding EUR 93 million restructuring and acquisition-related charges, at 10% of sales
• Net income of EUR 262 million

 
Gerard Kleisterlee, President and CEO of Royal Philips Electronics:
 
“In Q2, Philips delivered another strong quarter, with good top-line growth and strong profitability in all three operating sectors. Sales performance was especially strong in emerging markets. We are particularly pleased to have reached an adjusted profitability level of 10% in the quarter.
 
It is encouraging to see that our performance continues to improve, despite ongoing weakness in many global markets and economic uncertainty – a clear testimony to the soundness of our strategy and the strength of our portfolio. I believe we remain well on our way to becoming the leading company in health and well-being and consider this quarter another clear step in the right direction.”

For further information, please contact:

Arent Jan Hesselink
Philips Corporate Communications
Tel:  +31 20 59 77415
Email:  arentjan.hesselink@philips.com
 
Joon Knapen
Philips Corporate Communications
Tel:  +31 20 59 77477
Email:  joon.knapen@philips.com

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About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs more than 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
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