Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Philips Posts Earnings Increase
Jul 17, 2007
 Printable format
 Email this Article
 Search

Philips Electronics reported a 22% increase in its second-quarter operating profit, and said it was on track to meet its sales and profit margin targets. Europe's biggest consumer electronics producer posted earnings before interest and tax (EBIT) of €302 million (US $415.9 million), up from €247 million a year earlier. Sales fell to €6.1 billion from €6.38 billion a year ago, but excluding currency effects and disposals and acquisitions, revenue was flat.

Philips said it was on track to meet its targets of 5% to 6% average annual sales growth and a profit margin at the level of earnings before EBITA of at least 7.5% in 2007. The second-quarter EBITA margin was 6.4%. The group's net profit rose to €1.57 billion from €301 million last year. (AP)

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: Whirlpool headquarters improvements start a new phase

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 22, 2014: Variable-speed circulation pump enables new Miele lab washers

Dec 22, 2014: The latest retail data breach: Staples

Dec 22, 2014: Consumer Spending Index is at its highest point of the year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows