Koninklijke Philips N.V.
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Publicatie datum
10 sep 2007 - 07:32
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips communicates “Vision 2010” strategic plan and raises profitability target
Bericht
September 10, 2007
PHILIPS COMMUNICATES “VISION 2010” STRATEGIC PLAN AND RAISES PROFITABILITY TARGET
• “Vision 2010” aims to fuel growth through sharpened strategies for Healthcare and Lighting and an integrated approach to Consumer Lifestyle
• Philips aims to simplify organizational structure by forming three sectors - Healthcare, Lighting, and Consumer Lifestyle - as next step in evolution into a market-driven, people-centric global leader in its fields
• Philips expects to more than double EBITA per share by 2010
Amsterdam, the Netherlands – Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced its next steps to grow the company further in the areas of Healthcare, Lighting and Consumer Lifestyle. These steps, part of a strategy called “Vision 2010”, aim to further position Philips as a market-driven, people-centric company with a strategy and a structure that fully reflect the needs of its customer base, while also increasing shareholder value.
“Following the successful implementation of our 2004 -2007 strategic plan, we are well on track to deliver on our objective to achieve above 7.5% EBITA in 2007. The time is right therefore to give our stakeholders a clear blueprint of what we want Philips to be in 2010,” commented Gerard Kleisterlee, Philips’ President and Chief Executive Officer.
“While our healthcare strategy is already people-centric, focusing on improving patient outcomes in specific care cycles such as cardiology, oncology and critical care from the hospital to the home, we have now developed a comprehensive consumer lifestyle strategy that takes into account the evolving needs of the modern, lifestyle oriented consumer. And as structure follows strategy, successful implementation requires a further realignment of the organization.”
Therefore Philips plans to simplify its business structure by creating three core sectors with strong single-headed management: Philips Healthcare, Philips Lighting, and Philips Consumer Lifestyle. To
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