Philips operational results improve by 31% to EUR 421 million; net income at EUR 162 million. Frans van Houten, CEO: “We made solid progress again in the first quarter as all sectors contributed to the 31% improvement of our ...
Queen Beatrix of the Netherlands, together with Frans van Houten (CEO of Royal Philips Electronics), officially opened the Philips Museum in the city centre of Eindhoven. The queen symbolically switched on the lights in the museum by ...
Royal Philips Electronics (NYSE: PHG, AEX: PHIA) announced that it will propose to the Annual General Meeting of Shareholders (AGM), which will be held on May 3, 2013, to amend the articles of association of the company to change the name ...
Tags: Philips, Royal Philips, Lighting
Royal Philips Electronics will propose to the annual general meeting of shareholders (AGM)—being held May 3, 2013—to change the name of the company to Koninklijke Philips N.V. “Philips is a diversified ...
Tags: Royal Philips Electronics, diversified technology, company news
Philips announced Tuesday that it has sold business assets covering multimedia devices and accessories to Japanese firm Funai Electric in a cash and brand licensing deal worth $201.8 million. "Our consumer lifestyle business was margin ...
Tags: Philips, business assets, multimedia devices and accessories
Philips, who invented the tapes and had been fighting for the consumer electronics industry for 80 years, now left consumer electronics market. In the field of consumer electronics, European companies are in recession, and correspondingly, ...
Philips operational results improved by 50% to EUR 875 million, while net income was impacted by significant charges in Q4 • Deal signed to transfer Audio, Video, Multimedia and Accessories business to Funai Electric Co., ...
Tags: Philips, LEDinside, operational results
Philips reports third-quarter comparable sales growth of 5% to EUR 6.1 billion; EBITA of EUR 450 million • Comparable sales up 5%, with all three sectors contributing to growth • Sales in growth geographies up 10% on a ...
Tags: LED, Philips, Q3 financials, healthcare
Philips has announced that it has received a fine of 313 million euros from the European Commission following an investigation into alleged violation of competition rules in the cathode-ray tubes industry. In addition, the European ...
Tags: Philips, cathode-ray tubes, LG Electronics
Philips has opened its second high power LED production facility in Bayan Lepas,Malaysia. The company chief executive officer,Frans van Houten said the company is keen to expand these businesses,citing Malaysia as an mportant country ...
Tags: Philips, Led Facility, Malaysia
Philips CEO Frans van Houten has stated the company's commitment to expansion in Asia during a trip to Indonesia. The continent currently accounts for a third of the company's revenue and Philips said it intends to continue its investment ...
Tags: Philips, Frans van Houten, investment
1. Tunnel of lights Japan: Display dazzels with millions of solar powered LEDs A Tunnel of lights in Japan dazzles visitors with millions of LED lights, according to a Nov. 10 report from The Inquisitor. There are seven million LED ...
Tags: LED Lighting, Lighting
Philips chief executive officer, Frans van Houten, said the company was keen to expand its lighting and healthcare businesses in Malaysia and provide the best of its knowledge and capability to collaborate with the government and private ...
Tags: LED, High Power LED
Philips cuts 2200 jobs 19 Sep 2012 Philips plans to lay off 2200 workers between now and 2014,but the company has not stated what effect the cuts will have on the lighting division. On September 11,Royal Philips Electronics NV ...
Philips has decided to cut 2,200 jobs at its lighting and electronic divisions to save€300m by 2014. According to the company,the restructuring programme will affect all sectors of the electronic and lighting divisions apart from ...
Tags: Philips, Cut 2, 200 Jobs, lighting and Electronic, Savings