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Koninklijke Philips' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Koninklijke Philips Electronics N.V. (PHG)

Q1 2012 Earnings Conference Call

April 23, 2012 4:00 AM ET

Executives

Abhijit Bhattacharya – Head, IR

Frans van Houten – CEO

Ron Wirahadiraksa – CFO

Analysts

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

Presentation

Operator

Welcome to the Royal Philips Electronics First Quarter Results 2012 Conference Call on Monday, 23 rd 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.

Abhijit Bhattacharya

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.

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