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TheStreet Open House

Koninklijke Philips' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: PHG

Koninklijke Philips Electronics N.V. (PHG)

Q4 2011 Earnings Call

January 30, 2012 3:30 PM ET

Executives

Abhijit Bhattacharya – Head, IR

Frans van Houten – President and CEO

Ron Wirahadiraksa – CFO

Analysts

Andreas Willi – JP Morgan

Martin Wilkie – Deutsche Bank

Ben Uglow – Morgan Stanley

Ludovic Debailleux – Natixis Securities

Gaël De Bray – Societe Generale

Martin Prozesky – Sanford Bernstein

Olivier Esnou – Exane BNP Paribas

Sjoerd Ummels – ING Belgium

William Mackie – Berenberg Bank

Andrew Carter – Royal Bank of Canada

Presentation

Operator

Welcome to the Royal Philips Electronics Fourth Quarter Annual Results 2011 Conference Call on Monday, 30th of January 2012.

During the introduction hosted by Mr. Frans van Houten, CEO; and Mr. Ron Wirahadiraksa, CFO, all participants will be in a listen-only mode. After the introduction, there will be an opportunity to ask questions. (Operator Instructions)

Please note that this call will be recorded and is available by webcast on the website of Royal Philips Electronics.

I’ll now hand the conference over to Mr. Abhijit Bhattacharya, Head of Investor Relations. Please go ahead, sir.

Abhijit Bhattacharya

Good morning, ladies and gentlemen. Welcome to this conference call on the Fourth Quarter and Full Year Results for 2011 for Royal Philips Electronics.

I am here with Philips’ CEO, Frans van Houten, and our CFO, Ron Wirahadiraksa.

In a moment, Frans will take you through his introductory remarks and provide an update on our performance. Ron will shed more light on the details of the financial performance during the quarter and the year. After this, both Frans and Ron will be happy to take your questions.

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