On the afternoon of April 19th, Beijing time, according to foreign media reports, Philips’ earnings report today showed that the company achieved a net profit of 200 million euros (about 270 million US dollars) in the first quarter of this year, benefiting from cost reduction and increased demand in emerging markets. ).
Philips achieved a net profit of 200 million euros in the first quarter, compared with a loss of 59 million euros in the same period last year. According to a Bloomberg survey, 12 analysts had previously expected an average net profit of 102.4 million euros in the first quarter.
Philips CEO Gerard Kleisterlee said in March that the company's performance in 2009 was poor due to a decline in demand due to the economic downturn. In contrast, the company has had a good start this year, benefiting from the positive development of the lighting business and the increased demand in emerging markets.
Philips' lighting and healthcare businesses compete with General Electric and Siemens. The company expects a fixed cost base this year to be 700 million euros lower than in 2008.
Ke Cilei said today: I believe that the performance in recent quarters has begun to prove the true potential of our business portfolio.
Philips achieved sales revenue of 5.68 billion euros in the first quarter, up from 5.08 billion euros in the same period last year. The company expects sales in the first quarter to continue into the second quarter. (Ding Hong)
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