Philips 2012 Annual Report Download - page 69
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6 Sector performance 6.1.5 - 6.1.6
Annual Report 2012 69
Net operating capital in 2012 decreased by EUR 442
million to EUR 8 billion, mainly due to currency effects
and an increase in provisions related to restructuring
charges. All businesses showed improved efficiency in
inventory usage year-over-year.
Cash flows before financing activities increased from an
inflow of EUR 773 million in 2011 to an inflow of EUR
1,394 million in 2012, mainly attributable to higher
earnings and lower working capital requirements.
Sales per geographic cluster
in millions of euros
■-Western Europe_■-North America_■-other mature_■-growth
12,000
8,000
4,000
0
2008
1,961
3,747
670
1,271
7,649
2009
1,941
3,685
763
1,450
7,839
2010
2,031
3,901
968
1,701
8,601
2011
1,948
3,953
1,046
1,905
8,852
2012
1,970
4,393
1,252
2,368
9,983
Sales and net operating capital
in billions of euros ■-Sales----NOC
12
8
4
0
8.8
7.6
2008
8.4
7.8
2009
8.9
8.6
2010
8.4
8.9
2011
8.0
10.0
2012
EBIT and EBITA1)
in millions of euros
■-EBIT in value--■
■-EBITA in value----EBITA as a % of sales
1,500
1,000
500
0
621
218
839
11.0
2008
593
255
848
10.8
2009
922
264
1,186
13.8
2010
93
1,052
1,145
12.9
2011
1,122
200
1,322
13.2
2012
1) For a reconciliation to the most directly comparable GAAP measures, see
chapter 15, Reconciliation of non-GAAP information, of this Annual Report
6.1.6 2013 priorities
In 2013 Philips Healthcare will continue to progress on
the following imperatives designed to accelerate
performance and achieve our goals:
• Complete our Accelerating Healthcare transformation
• Invest in our growth initiatives to deliver differentiated
offerings from the hospital to the home
• Create momentum behind Customer Services
• Implement our end-to-end customer relationship
management solution across the global Philips
Healthcare organization
• Create a high-performance organization as measured
by ongoing employee surveys and business results
• Institutionalize our end-to-end operating framework to
optimize financial returns on our portfolio and improve
the customer experience
In addition to these priorities, Philips Healthcare will
continue to deliver on EcoVision sustainability
commitments.