Philips CEO updates market on implementation of strategy to become the leading company in health & well-being

May 18, 2010

Longboat Key, Florida, USA – Today, Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics (NYSE: PHG, AEX: PHI), will give a presentation to investors and financial analysts at the Electrical Products Group (EPG) Conference in Longboat Key, Florida, USA.

 

In his presentation, Mr. Kleisterlee will give an update on the implementation of Philips’ strategy to become the leading company in health & well-being and will discuss the robust longer-term prospects of Philips’ globally leading businesses.

 

He will also provide an update on how Philips‘ strong fundamentals, sound strategy and ability to adapt swiftly to changing market circumstances have resulted in four consecutive quarters of improved earnings, making the company increasingly confident that it can deliver an adjusted EBITA profitability of 10% as early as 2010.

 

The presentation starts at 08.15 AM local time (or 14.15 CET). There will be a webcast of this presentation available as well as the slides that will be used during this presentation via this link.

Kleisterlee updates the market on strategy

For more information on Kleisterlee's presentation at the EPG Conference, including a webcast link and PDF presentation, please follow the link below

For more information, please contact:

Joon Knapen
Philips Corporate Communications
Tel: +31 20 59 77477
Email: joon.knapen@philips.com

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About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter. 

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Forward-looking statements

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

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