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

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows