Royal Philips Electronics NV expects its Domestic Appliance and Personal Care (DAP) and Lighting businesses to continue their "solid contribution to profitable growth" at the company in 2005 and beyond.
In a statement at an analysts' meeting on the two divisions, Philips said DAP and Lighting are positioned for further growth, whilst 2005 will see higher investments in R&D, product development, and advertising.
"In 2005, we expect DAP... (to achieve) operating margins in the mid-teens," said Han van Splunter, president and CEO of Philips DAP. (AFX)
to Daily News