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 PresentationOperator 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.