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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

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