PresseBox
Press release BoxID: 190241 (Philips Deutschland GmbH)
  • Philips Deutschland GmbH
  • Lübeckertordamm 5
  • 20099 Hamburg
  • http://www.philips.de
  • Contact person
  • Simone Kuhl
  • +49 (40) 2899-2214

Philips reports strong sales of EUR 6.5 billion, up 6% year-on-year

Ebita rises to EUR 413 million

(PresseBox) (Hamburg, ) - Strong comparable sales growth of 6%, fueled by 16% growth in emerging markets.
- EBITA increased to EUR 413 million from EUR 386 million in Q2 2007, mainly driven by higher earnings at Lighting.
- Strong contribution to results from recent acquisitions, both in Home Healthcare Solutions and in Professional Luminaires.
- Consumer Lifestyle performed well in a weaker environment; plans to improve the Television business remain well on track.
- Net income of EUR 720 million includes a gain of EUR 780 million on the sale of TSMC shares and an impairment charge of EUR 299 million for NXP. Net income for Q2 2007 included a EUR 1.2 billion gain in respect of TSMC.