ASBESTOS LITIGATION: Philips’ EUR931Mil EBITA Due to Settlement
January 30, 2009
Royal Philips Electronics N.V.’s EBITA (earnings before interest, tax and amortization) for the full year of 2008 was EUR931 million, 55 percent lower than in 2007, primarily impacted by EUR241 million final settlement on asbestos-related claims in the United States.
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Royal Philips Electronics NV