Philips reports strong sales of EUR 6.5 billion, up 6% year-on-year; EBITA rises to EUR 413 million
News Type：Enterprise NewsHit:425Add DateTime：15-07-2008
Strong comparable sales growth of 6%, fueled by 16% growth in emerging markets.
EBITA increased to EUR 413 million from EUR 386 million in Q2 2007, mainly driven by higher earnings at Lighting.
Strong contribution to results from recent acquisitions, both in Home Healthcare Solutions and in Professional Luminaires.
Consumer Lifestyle performed well in a weaker environment; plans to improve the Television business remain well on track.
Net income of EUR 720 million includes a gain of EUR 780 million on the sale of TSMC shares and an impairment charge of EUR 299 million for NXP. Net income for Q2 2007 included a EUR 1.2 billion gain in respect of TSMC.
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