Philips confirms lighting unit outlook
Dutch Philips Electronics said its lighting unit was on track to achieve its earning before interest, taxes and amortization (EBITA) margin target of 12% to 14% for 2010.
Philips, the world's biggest lighting maker, is hosting an analyst day for its lighting business.
The group also confirmed the unit's target for medium term average annual sales growth of around 6% on a comparable basis. (Reuters)
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