Philips 2009 Annual Report Download - page 57
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4Our group performance
“With little visibility on revenue in
2009, we focused on the things we
could control. We took decisive
action to generate cash and manage
our costs in line with revenues. The
effects of this became increasingly
visible in our earnings and cash fl ow
performance, especially in the second
half of the year.”
Pierre-Jean Sivignon, Chief Financial Offi cer
€ 1,050 million EBITA € 1,326 cash fl ows before
fi nancing activities
million € 6.3 liquidity
billion
4 Our group performance 4 - 4
Philips Annual Report 2009 57