PresseBox
Press release BoxID: 166338 (Philips Deutschland GmbH)
  • Philips Deutschland GmbH
  • Lübeckertordamm 5
  • 20099 Hamburg
  • http://www.philips.de
  • Contact person
  • Simone Maass
  • +49 (40) 2899-2211

Philips reports EBITA of EUR 265 million,driven by Healthcare ond Lighting

(PresseBox) (Hamburg, ) .
- 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%.

(See attached file: Q1 2008 report.pdf)