Royal Philips Electronics will update the markets on progress at its Lighting sector. Rudy Provoost, Chief Executive officer of Philips Lighting and member of the Philips Board of Management, will discuss Philips’ strategy to further strengthen its global leadership position in Lighting.
Mr. Provoost, together with members of his management team, will discuss the drivers that are expected to help further increase profitable growth, including a progress update on both ‘Green’ lighting solutions and on the integration of recent strategic acquisitions. Mr. Provoost will also address Philips Lighting’s strategy for emerging markets and will elaborate on developments in the important business area of Solid State Lighting explaining how the sector is well positioned to capture the opportunities in this fast-growing field.
Mr. Provoost will confirm that Philips Lighting is on track to achieve its EBITA margin target of 12% to 14% for 2010, supporting Philips’ Vision 2010 group guidance. He will also confirm Lighting expects for the medium term an average annual sales growth of around 6% on a comparable basis.
At today’s meeting, Philips will also update the markets on its Design activities. Stefano Marzano, Chief Executive Officer and Chief Creative Director of Philips Design, will discuss how Philips’ deep understanding of people, society and trends shapes the company’s people-centric design approach. Mr. Marzano and his team will explain how this approach creates value for the Philips Group, enabling the creation of a steady stream of innovative solutions for customers and clients
Mr. Provoost, together with members of his management team, will discuss the drivers that are expected to help further increase profitable growth, including a progress update on both ‘Green’ lighting solutions and on the integration of recent strategic acquisitions. Mr. Provoost will also address Philips Lighting’s strategy for emerging markets and will elaborate on developments in the important business area of Solid State Lighting explaining how the sector is well positioned to capture the opportunities in this fast-growing field.
Mr. Provoost will confirm that Philips Lighting is on track to achieve its EBITA margin target of 12% to 14% for 2010, supporting Philips’ Vision 2010 group guidance. He will also confirm Lighting expects for the medium term an average annual sales growth of around 6% on a comparable basis.
At today’s meeting, Philips will also update the markets on its Design activities. Stefano Marzano, Chief Executive Officer and Chief Creative Director of Philips Design, will discuss how Philips’ deep understanding of people, society and trends shapes the company’s people-centric design approach. Mr. Marzano and his team will explain how this approach creates value for the Philips Group, enabling the creation of a steady stream of innovative solutions for customers and clients
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