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