×
92 171
Fashion Jobs
LULULEMON
Regional Manager | Mid-South
Permanent · New Orleans
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Jefferson City
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Shreveport
GAP
District Manager - Ohio Valley
Permanent · San Francisco
GAP
District Manager - Ohio Valley
Permanent · Auburn Hills
GAP
District Manager - Ohio Valley
Permanent · Sunbury
GAP
General Manager - Silverthorne Outlets
Permanent · Silverthorne
JOCKEY
Financial Analyst - Marketing
Permanent · Kenosha
NIKE
Marketing Director, Women's, Nike.Com & Nike App (Asia Pacific Latin America, Consumer Direct Marketing)
Permanent · Beaverton
NIKE
North America Sports Marketing Director of College Basketball
Permanent · Beaverton
NIKE
Transformation & Organizational Strategy Manager
Permanent · Beaverton
NIKE
Manager, Service And Operations Portfolio
Permanent · Beaverton
NIKE
Director, Digital Merchandising & Planning Analytics, North America
Permanent · Beaverton
ROSS
Store Protection Specialist
Permanent · Reading
ROSS
Store Protection Specialist
Permanent · Raleigh
PRIMARK
p&c Area Manager- Mid-Atlantic/Southeast
Permanent · BOSTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time: Fashion Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · Garden City
ABERCROMBIE AND FITCH CO.
Vice President, Enterprise Systems (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Palisades
Permanent · West Nyack
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · SAN ANTONIO
By
Reuters
Published
Dec 16, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Philips sees pick-up in consumer electronics sales

By
Reuters
Published
Dec 16, 2009

AMSTERDAM (Reuters) - Dutch Philips Electronics (PHG.AS) signaled a continued pick-up in the consumer electronics market, saying it expected fourth-quarter sales of about 2.8 billion euros ($4.1 billion) at its Consumer Lifestyle unit.


Photo: www.consumer.philips.com

Europe's biggest consumer electronics producer, which hosts an analyst meeting on Wednesday 16 December, said it expects its television business to post at least a break-even result in 2010.

"Although not a spectacular trading update, we feel that the tone of comments is clearly improving, with renewed focus on growth, while a number of earlier announced cost reduction programs start to pay off," Petercam analyst Eric de Graaf said.

Philips (PHG.N) shares were down 0.4 percent at 20.23 euros by 0854 GMT (3:54 a.m. EST), slightly underperforming a flat Amsterdam blue chip index .AEX.

Philips, which last year said it would not meet 2010 targets due to the recession, said it was now ideally positioned to benefit from high-single digit growth expected in consumer electronics and domestic appliances markets over coming years.

The company's comments echoed remarks from Europe's top electricals retailers Kesa Electrical (KESA.L), Metro (MEOG.DE) and DSG International (DSGI.L) that market conditions were improving.

"The press release confirms the improving revenue trend at Consumer Lifestyle and the benefits from the restructuring," SNS Securities analyst Victor Bareno said.

The unit, which makes products ranging from MP3 players and digital photo frames to water kettles, toasters and shavers, realized more than 200 million euros in cost savings in the past two years.

In the third quarter the unit accounted for about 35 percent of total group sales.

Philips said in October it had still not seen a recovery in most of its markets and the holidays shopping season would be a key test of whether shoppers' confidence has returned.

(Reporting by Harro ten Wolde; Editing by Dan Lalor and Rupert Winchester)

($1 = 0.6877 euro)

© Thomson Reuters 2022 All rights reserved.