Philips‘ 2010 fourth quarter group sales were EUR 7.4 billion, with EBITA of EUR 873 million, or 11.8% of sales.
“We finished a strong 2010 on a stable note with fourth-quarter EBITA of EUR 873 million, or 11.8% of sales, bringing EBITA for the full year to a record 10%,” said Gerard Kleisterlee, president and CEO. “We continued to see good mid-single-digit comparable sales growth at Home Healthcare Solutions and Patient Care & Clinical Informatics in Healthcare. Additionally, health care orders grew 3% in the quarter, allowing order intake to grow 9% for the year, providing an excellent basis for sales growth in 2011.”
Imaging Systems sales were slightly lower than in Q4 2009 as a result of lower sales in the Latin American region. From a regional perspective, comparable sales in North America were in line with Q4 2009, while in markets outside North America sales grew by 2 percent.
Currency-comparable equipment order intake increased by 3 percent year-on-year, with notable improvements at Patient Care & Clinical Informatics. Equipment orders in North America grew by 8 percent while order intake in markets outside of North America was flat. Nominal sales grew 10 percent compared with Q4 2009. Comparable sales were 2 percent higher year-on-year, with sales increases at Home Healthcare Solutions, Patient Care & Clinical Informatics, and Customer Services. Emerging market sales grew by 8 percent, with notably better sales in China and at Customer Services.