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Koninklijke Philips Electronics NV Management Discusses Q2 2012 Results - Earnings Call Transcript

Koninklijke Philips Electronics NV (PHG)

Q2 2012 Earnings Call

July 23, 2012 4:00 am ET

Executives

Abhijit Bhattacharya - Executive Vice President of Investor Relations

François Adrianus van Houten - Chairman of The Board of Management, Chief Executive Officer and President

Ron H. Wirahadiraksa - Chief Financial Officer, Executive Vice-President and Member of Board of Management

Analysts

Andreas P. Willi - JP Morgan Chase & Co, Research Division

Mark Troman - BofA Merrill Lynch, Research Division

Martin Wilkie - Deutsche Bank AG, Research Division

Ben Uglow - Morgan Stanley, Research Division

Ludovic Debailleux - Natixis Bleichroeder LLC, Research Division

Gael de Bray - Societe Generale Cross Asset Research

Martin Prozesky - Sanford C. Bernstein & Co., LLC., Research Division

Olivier Esnou - Exane BNP Paribas, Research Division

Michael Hagmann

William Mackie - Berenberg Bank, Research Division

Andrew Carter - RBC Capital Markets, LLC, Research Division

Presentation

Operator

Welcome to the Royal Philips Electronics Second Quarter Result 2012 Conference Call on Monday, 23rd of July, 2012. [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 second quarter of 2012 for Royal Philips Electronics. I'm 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. After this, both Frans and Ron will be happy to take your questions.

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