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Philips Deutschland GmbH Lübeckertordamm 5 20099 Hamburg, Germany http://www.philips.de
Contact Klaus Petri +49 40 28992195
Company logo of Philips Deutschland GmbH
Philips Deutschland GmbH

Philips reports Q4 sales of Eur 7.6 billion

Ebita of Eur 141 Million includes Eur 390 Million of restructuring and acquisition-related charges

(PresseBox) (Hamburg, )
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- Healthcare showed strong Q4 sales growth of 9% and improved earnings; lower sales at Consumer Lifestyle and parts of Lighting reflect the challenging retail and automotive markets
- Rigorous management of working capital secured strong cash flow; production stops to manage inventory impacted EBITA by EUR 60 million
- Net quarterly loss of EUR 1.5 billion includes EUR 1.3 billion of non-cash value adjustments and EUR 150 million of year-end tax adjustments
- Proposal to distribute EUR 0.70 per share for 2008
- Full-year sales of EUR 26.4 billion delivered EBITA of EUR 931 million

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.