Koninklijke Philips Electronics N.V. (PHG) Q4 2010 Earnings Conference Call January 24, 2011 3:15 AM ET Executives Abhijit Bhattacharya – Head, IR Pierre-Jean Sivignon – EVP and CFO Analysts Mark Troman – Bank of America Merrill Lynch Simon Smith – Credit Suisse Andreas Willi – JP Morgan Martin Wilkie – Deutsche Bank Gaël de Bray – SG Ben Uglow – Morgan Stanley Ilan Chaitowitz – Redburn Partner Olivier Esnou – Exane BNP Paribas Martin Prozesky – Sanford Bernstein Christel Monot – UBS Matt Williams – HSBC Marcel Achterberg – Petercam Victor Bareño – SNS Securities Peter Olofsen – Kepler Capital Markets William Mackie – Berenberg Bank PresentationOperator
Welcome to Royal Philips Electronics Fourth Quarter and Annual Results 2010 Conference Call on Monday, the 24 th of January, 2011. During the introduction hosted by Mr. Gerard Kleisterlee, President and CEO; and Mr. Pierre-Jean Sivignon, 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, the Head of Investor Relations. Please go ahead, sir. Abhijit Bhattacharya Ladies and gentlemen, good morning. Let me welcome you to this conference call on the full year as well as the fourth quarter results for 2010, for Royal Philips Electronics. I am here with Philips’ President and CEO, Mr. Gerard Kleisterlee; and our CFO, Pierre-Jean Sivignon, who will take you through the numbers and his introductory remarks in a few minutes. After this, both Pierre-Jean and Gerard will be happy to take your questions.