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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.