Koninklijke Philips N.V.
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Publicatie datum
25 jan 2010 - 07:01
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips reports fourth-quarter sales of EUR 7.3 billion and EBITA of EUR 662 million
Bericht
January 25, 2010
Philips reports fourth-quarter sales of EUR 7.3 billion and EBITA of EUR 662 million
• Strongly improved performance across all sectors
• Comparable sales on par with Q4 2008; sales in emerging markets up 8%
• EBITA improves to 9.1% of sales; adjusted EBITA of 12.3% at record level
• Operating cash flow of EUR 1.4 billion, once adjusted for legal settlement in North America
• Net income of EUR 260 million, driven by strong improvement in operational earnings and significantly lower charges
• Proposed dividend maintained at EUR 0.70 per share
Gerard Kleisterlee, President and CEO of Royal Philips Electronics:
“Thanks to the increased resilience of our company, we ended the year with a strong fourth quarter. Comparable sales came in at last year’s level, delivering a record adjusted profitability of 12.3%. This reflects our strengthened fundamentals and the successful manner in which we have been managing through the downturn.
I am particularly pleased as our improved performance is visible across all three operating sectors:
- Despite continuing weakness in the US market, our Healthcare sector managed to deliver another bumper quarter with sales broadly on par with the strong performance of last year and with significantly higher earnings;
- Our Consumer Lifestyle sector managed to show sales growth, with Television turning a profit and virtually all other businesses posting significantly higher earnings despite the absence of a material recovery in consumer confidence;
- The Lighting sector continued on its road to recovery with strongly improved earnings and rebounding sales even though the commercial construction market continued to be in decline; and for the first time, LED-based products exceeded 10% of total sector sales.
Philips today is a simpler company that is both agile and more resilient to market fluctuations. We faced the economic recession in 2009 head-on, but without sacrificing our longer-term ambitions: we sustained our i
Datum laatste update: 25 januari 2025