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More on Philips (PHG) Q2: swings to net profit of €167M from loss of €1.35B a year...

More on Philips (PHG) Q2: swings to net profit of €167M from loss of €1.35B a year earlier, which included €1.4B in write-downs. Sales improved at all Philips units, especially in the U.S. and emerging markets, as cost-cutting efforts have an impact. On track to meet 2013 targets of 4%-6% sales growth and EBITA margin of 10%-12% vs. 7.6% in Q2. Confident about China despite slowdown. Shares +6.3% premarket.
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