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Philips reports strong sales of EUR 6.5 billion, up 6% year-on-year
Ebita rises to EUR 413 million
- 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.
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