Philips’ Second Quarter Results 2009

Amsterdam, July 13, 2009

Report

Q2 2009 resultsPDF 889 kB

Presentation

Q2 2009 presentationPDF 2.4 MB

Webcast

Q2 2009 transcriptPDF 179 kB

Philips reports second-quarter EBITA of EUR 118 million and sales of EUR 5.2 billion

Second-quarter highlights

  • EBITA margin before restructuring charges improves compared with Q1 in all business sectors
  • EUR 148 million restructuring and acquisition-related charges are booked in the quarter
  • Sales decline 19% year-on-year, reflecting continuing weakness in consumer and professional markets
  • Healthcare sales decline year-on-year but increase compared with Q1, supported by modest growth outside the US
  • String free cash flow of EUR 251 million reflects ongoing tight asset management