Philips 2006 Annual Report Download - page 53

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Philips Annual Report 2006 53
A strong performance in the last quarter of 2006 enabled
us to meet our objectives for both profi tability and sales
growth, reinforcing our confi dence that we will realize
our targets – annual average top-line growth of 5-6%
and EBITA of at least 7.5% – in 2007. In the coming year,
we look forward to introducing a number of exciting
new products that will further support our growth
ambitions. We will continue the reallocation of capital
by reducing our fi nancial holdings, pursuing value-creating
acquisitions consistent with our strategic direction and
returning cash to shareholders. We will also continue
our drive to simplify Philips, reducing the cost of our
organization while stepping up our efforts to improve
talent management. With rigorous execution of these
plans, we expect 2007 to be a good year of continued
growth and increased profi tability.
Amsterdam, February 19, 2007
Board of Management
Outlook
54 The Philips sectors 86 Risk management 100 Report of the Supervisory Board 110 Financial Statements