Philips 2013 Annual Report Download - page 38
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4 Group performance 4 - 4
38 Annual Report 2013
4Group performance
“ 2013 was a significant step forward on our Path to Value.
Despite stronger headwinds than initially anticipated, we
succeeded in achieving our mid-term 2013 financial targets. We
delivered a compound annual growth rate for comparable
sales over the period 2012-2013 of 4.5%, compared to our
target of 4-6%. We achieved a reported EBITA of 10.5% of sales,
within our target bandwidth of 10-12%. And our return on
invested capital reached 15.3% at year-end, above the targeted
range of 12-14%.” Ron Wirahadiraksa, CFO