• Net income of EUR 524 million, including a gain of EUR 154 million on the sale of NXP shares
• EBITA of EUR 648 million, or 10.5% of sales, up from 6.1% last year
• Sales up 10% nominally and 1% comparably year-on-year
• Emerging markets sales up 19% nominally and 7% comparably year-on-year
• Healthcare order intake growth of 7%, including 20% growth in emerging markets
• Growth at Lighting and Healthcare tempered by Consumer Lifestyle

Gerard Kleisterlee, President and CEO of Royal Philips Electronics.
“The third quarter was another solid quarter for Philips, resulting in net income of EUR 524 million and adjusted EBITA of 10.6%. This has led to an adjusted EBITA in the first nine months of 2010 of 10.1%, exceeding our target for the year and putting us in an excellent position to deliver on one of the main targets of our Vision 2010 strategic plan.

In a still fragile economic environment, with weak consumer markets in the developed economies, we posted sales growth of 10% nominal and 1% on a comparable basis.

Looking at the performance of our three sectors, both Healthcare and Lighting delivered a good quarter in terms of profitability as well as growth. Consumer Lifestyle improved profitability despite weak demand in some of its markets, with strong sales at Health & Wellness, Personal Care and Domestic Appliances weighed down by lower sales in the rest of the sector.

We also continued on our growth path in emerging markets, with 19% nominal and 7% comparable sales growth. This means that we now generate more than
one-third of our sales in these markets.

Our continued progress in the third quarter confirmed that we are on the right track to become a leading company in health and well-being as outlined in our strategic plan, Vision 2015.”