January 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.

Philips versus the Mouse