Philips Releases Q1 Financial Report and Joins TPV to Reinvigorate TV Business

Philips' 2011 Q1 net income fell to 138 million euros, a decrease of 63 million euros from Q1 2010, free cash outflow of 615 million euros, and profit before interest, taxes, depreciation and amortization (EBITA) of 437 million euros, accounting for quarterly sales. 8%; nominal sales were 5.3 billion euros, up 6% year-on-year. Among them, Philips Lighting achieved a medium-digit single-digit sales growth driven by the LED business.

Japan's earthquake disaster has had an impact on Philips' revenue and supply chain. Philips plans to set up a dedicated team to mitigate the associated consequences and risks, while at the same time taking accelerated mid-term development and driving profit as current priorities for Philips.

In addition, Philips announced a joint venture with TPV Technology Co., Ltd., which has a 30% share of Philips and continues the Philips TV business. Under the agreement, Philips will receive deferred purchase price and brand authorization revenue, and the company expects that the cost of business separation will have an impact on Philips' short-term revenue.

GEL Traction Battery

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Evg Series

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OREMA EVG Series GEL Motive Power Battery specification sheet:

EVG Series GEL Motive Power Battery specification


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