“We consider sustainability to be a driver of growth and an integral part of the Philips DNA,” said Rudy Provoost, Chairman of Philips’ Sustainability Board and CEO of Philips Lighting. “By doubling our investment in Green Innovation by 2015, we re-confirm our ambition as a health and well-being company to deliver meaningful and sustainable solutions. This commitment also supports our Vision 2015 growth strategy, driven by global trends, such as the need for more sustainable and energy efficient products and solutions”.

The increase in green sales, as a percentage of total sales in 2010, was achieved primarily by the company’s continued focus on EcoDesign across sectors, a process aimed at developing products with a significantly lower environmental impact throughout its lifecycle.

Recent introductions of Green Products from Healthcare include the Philips Essential, a patient monitoring system, designed for clinical workflow and patient safety during transport, which offers a 48% reduction in energy use, 72% less product weight, 32% less packaging weight and a lead-acid free battery.

Notable green product launches in Consumer Lifestyle included the Econova TV, the first PVC/BFR free television in the world, which received both the EU-energy “A+” label as well as the EISA Best Green TV 2010/2011 award.

Lighting contributed to nearly half of total Philips Green Product sales and continued to make important strides with the commercial launch of the 12-watt EnduraLED lamp, the industry’s first replacement for the traditional 60-watt incandescent lamp. This development, the first of its category to receive the ENERGY STAR qualification, was recognized by the American Lighting Association as the winner in the LED Replacements Lamp division for the Tomorrow Awards and was named “Product of the year 2010” by Popular Science Magazine.

“While certain factors, both economic and political, clearly influence short-term performance I am fundamentally confident of the success chances of our Healthcare business in the long run.” Mr. Rusckowski commented. “Our world is facing some inescapable challenges in the medium-to-long term. We have come a long way already in building up the Healthcare portfolio needed to face those challenges. This, coupled with our leading business positions and our differentiating approach in general, positions us well for the future, despite the short-term headwind we face today.”

During today’s meeting, several Healthcare executives will discuss the fundamental drivers and positioning of their respective businesses. For instance, the chief executive of Home Healthcare Solutions will discuss how ever-more pressing challenges like overburdened healthcare systems and ageing populations will lead to out-of-hospital medical treatment and patient monitoring becoming an increasingly important element in the Healthcare mix. He will elaborate on how Philips is excellently positioned to benefit from this trend, while providing sensible solutions to some of the key healthcare challenges of our time.

Other executives will cover a range of relevant topics, including progress made in building out the business in key emerging economies such as China, India and Latin America by making strategic acquisitions, expanding service businesses and extending the product offering. There will also be a session dedicated to Philips’ holistic care-cycle approach to Healthcare and how it gives the business a strong competitive edge. Steve Rusckowski will also discuss how, despite some short-term negative trends, the fundamentals of the business remain strong.

During the day, analysts will also be given more insight into Philips Healthcare’s efforts to tackle the short-term impact of the current economic slowdown through a strong focus on cost and cash management and ensuring that maximum value is captured from recent acquisitions. Philips will also provide an update on restructuring and cost reduction measures for Healthcare, which are now expected to result in total savings of EUR 150 million for 2009.