Philips 2012 Annual Report Download - page 34
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5 Group performance 5 - 5
34 Annual Report 2012
5Group performance
“2012 was a year of progress despite the challenging economic
environment, especially in the United States and Europe.
Supported by our Accelerate! transformation program, we
achieved 4% comparable sales growth and improved our net
income, capital efficiency and free cash flow. The results in 2012
demonstrate momentum on our path towards our Accelerate!
mid-term 2013 financial targets.” Ron Wirahadiraksa, CFO