Dutch consumer electronics giant Royal Philips Electronics (PHG,PHGFF.PK) still expects to achieve mid-term 2013 financial targets of 4% - 6% sales growth, 10% - 12% reported EBITA, and 12% - 14% ROIC.
The company said the organization structure in Lighting was streamlined: from 6 to 5 business Groups, with the regional structure simplified, end2end value chain re-established, as well as a significant cost reduction; whereas the performance management was re-established.
Meanwhile, operational issues in Consumer Luminaires were addressed and performance improvement is expected in the second half of 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.