Royal Philips Electronics (PHG,PHGFF.PK) announced that it is making progress towards reaching its targets for 2013, although expecting a slow start to the year. According to the company, Accelerate! is delivering solid results, with significant gains to be made until 2017.
Separately, Philips said it is well on track to achieve its 1.1 billion euros overhead cost savings forecast by 2014, and its share buy-back program would be completed as planned.
In addition, commenting on its growth outlook, Philips Healthcare reported slow start into the first half of 2013; with a challenging North American market.
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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.