Koninklijke Philips Electronics N.V. (PHG)
Q1 2012 Earnings Conference Call
April 23, 2012 4:00 AM ET
Abhijit Bhattacharya – Head, IR
Frans van Houten – CEO
Ron Wirahadiraksa – CFO
Andreas Willi – JP Morgan
Simon Smith – Credit Suisse
Peter Reilly – Deutsche Bank
Ben Uglow – Morgan Stanley
Ludovic Debailleux – Natixis Securities
Gael De Bray – Societe Generale
Martin Prozesky – Sanford Bernstein
Olivier Esnou – Exane BNP Paribas
Phil Wilson – Redburn
William Mackie – Berenberg Bank
Andrew Carter – Royal Bank of Canada
Welcome to the Royal Philips Electronics First Quarter Results 2012 Conference Call on Monday, 23
of April 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 will now hand the conference over to Mr. Abhijit Bhattacharya, Head of Investor Relations. Please go ahead, sir.
Good morning, ladies and gentlemen. Welcome to this conference call on the first quarter of 2012 for Royal Philips Electronics.
I am here with the Philips’ CEO, Mr. 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. After this, both Frans and Ron will be happy to take your questions.