Philips predicts a challenging 2007 for LCD TV makers

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23-01-2007, 9:00 AM

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Philips predicts a challenging 2007 for LCD TV makers

Philips Q4 financials reflect the tough trading experienced by many CE giants, but reveal that its restructuring to a more brand-driven company have paid dividends. Philips net profit was up 2 percent, at 8,128 million Euros, but consumer electronics sales were down year-on–year. Operating margins, however, were up.President and CEO Gerard Kleisterlee says, “Our consumer [...]
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