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 to Cut Costs
Dec 6, 2006
 Printable format
 Email this Article
 Search

Philips Electronics said on Tuesday it will cut about 75 million euros (approx. U.S. $99.8 million) in service and management costs by end-2007 and reiterated its targets for its main business units, according to Reuters.

The 2006 earnings before interest and tax (EBIT) margin for the consumer electronics unit is expected to be "slightly shy of 4 percent", the company said in a statement ahead of an analyst day. According to Reuters, it had previously forecast 3.5 to 4 percent.

It estimated a 2007 EBITA margin of about 3 percent for the consumer electronics unit, 15 percent for domestic appliances and personal care (DAP), 12 percent in lighting and 14-15 percent in medical systems.

Philips also said it would invest 100 million euros (approx. $133 million) for its corporate brand campaign next year.

Back to Daily News

 

Daily News

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

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows