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Koninklijke Philips N.V.

Koninklijke Philips N.V.

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Publicatie datum 29 mrt 2007 - 14:02
Statutaire naam Koninklijke Philips N.V.
Titel Philips elaborates on financial performance during General Meeting of Shareholders
Bericht March 29, 2007 PHILIPS ELABORATES ON FINANCIAL PERFORMANCE DURING GENERAL MEETING OF SHAREHOLDERS Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that at its Annual General Meeting of Shareholders, to be held in Amsterdam on March 29, Mr. Gerard Kleisterlee, President & CEO, and Mr. Pierre-Jean Sivignon, Chief Financial Officer, will elaborate on the financial results for 2006, which the company reported on January 22, 2007. During the meeting, Philips will also re-confirm financial targets earlier communicated to the financial markets, and state the company is actively reviewing its capital structure and how it can best return excess cash to shareholders in the future. In this context Mr. Kleisterlee will say: “We will continue to redeploy capital in a disciplined way through value-creating acquisitions, share buybacks and dividends. This means that we will end up with an appropriately leveraged balance sheet probably in no more than two to three years. Let me be more specific: we are currently reviewing a number of possible acquisitions and it is our clearly stated policy and practice to return excess cash to shareholders.” For more information, please contact: Arent Jan Hesselink Philips Corporate Communications: Tel: +31 20 59 77415 Email: arentjan.hesselink@philips.com About Royal Philips Electronics Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 121,700 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.phi