Koninklijke Philips N.V.
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Publicatie datum
05 dec 2006 - 08:04
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips updates market on main consumer businesses
Bericht
December 5, 2006
PHILIPS UPDATES MARKET ON MAIN CONSUMER BUSINESSES
· Consumer Electronics and Domestic Appliances and Personal Care businesses continue delivering on aggressive value creation objectives
· 'One Philips' approach creates stronger position with retailers
· Philips continues investing successfully in brand with EUR 100 million earmarked for 2007
· Innovation & Emerging Businesses group to foster growth and tighten links to markets
· Corporate costs to yield annual cost savings of EUR 75 million
Amsterdam, the Netherlands – In a meeting with investors and financial analysts today, Royal Philips Electronics (AEX: PHI, NYSE: PHG) will discuss how Philips' two main consumer businesses – Consumer Electronics and Domestic Appliances and Personal Care (DAP) – continue to deliver on their aggressive value creation objectives. The company will also highlight steps being taken to tighten the link between its research and development, business incubator activities and the market to create additional value for Philips.
Consumer Electronics sustaining value creation with robust business model
Philips repeats its earlier stated guidance that the company expects the operating (EBIT) margin in Consumer Electronics in 2006 to be slightly shy of 4%. "After 8 consecutive quarters of profitability, I believe we've shown our asset-light business model is the right strategy for succeeding in the highly-competitive consumer electronics market," Rudy Provoost, CEO of Philips Consumer Electronics, said.
To increase the division's competitiveness and boost value creation further, Philips is drawing on its strong track record of innovation to reinvent or create new product categories with higher margins – such as in its high-definition FlatTVs with Ambilight, voice-over-IP telephony or immersive AmbX gaming accessories that enhance the consumers' gaming experience. The company also continues to support innovation through targeted acquisitions in consumer electronic per
Datum laatste update: 20 juli 2025