Royal Philips Electronics Annual Results 2000
Royal Philips Electronics Annual Results 2000
Royal Philips Electronics Annual Results 2000
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Lighting<br />
• Strength in Eastern Europe and Asia compensates<br />
weakness in the USA in the last quarter<br />
• Market growth remains limited with increased<br />
competition and some price erosion<br />
• Automotive & Special Lighting strong growth of<br />
12-13% and expanding capacity<br />
• Underlying improvement programs continue to<br />
move ahead with additional restructuring required<br />
in 2001<br />
• IFO includes € 12 million charge in 4Q00 for a<br />
one-time Jubilee provision<br />
52