Philips’ Second Quarter Results 2011

Amsterdam, July 18, 2011

Report

Q2 2011 resultsPDF 593 kB

Presentation

Q2 2011 presentationPDF 1.9 MBQ2 2011 presentation
(Update)
PDF 597 kB

Webcast

Q2 2011 transcriptPDF 189 kB

Philips delivers 4% growth in second quarter; management team takes next steps to improve growth and performance trajectory

Second-quarter highlights

  • Comparable sales up 4%, led by strong growth at Healthcare, moderate growth at Lighting
  • Growth markets now represent one third of Group sales
  • EBITA of EUR 370 million, 7.1% of sales
  • Goodwill impairment leads to net loss of EUR 1.3 billion
  • Free cash outflow of EUR 210 million
  • Share buy-back program of EUR 2 billion launched
  • Cost reduction program of EUR 500 million initiated
  • Mid-term performance targets: 4-6% sales growth, 10-12% EBITA and 12-14% ROIC by 2013