Koninklijke Philips N.V. (NYSE:PHG) Q4 2020 Earnings Conference Call January 25, 2021 4:00 AM ET
Company Participants
Leandro Mazzoni - Head of IR
Frans van Houten - Chief Executive Officer
Abhijit Bhattacharya - Chief Financial Officer
Conference Call Participants
Veronika Dubajova - Goldman Sachs
Patrick Wood - Bank of America
Michael Jungling - Morgan Stanley
Hassan Al-Wakeel - Barclays
David Adlington - JPMorgan
Scott Bardo - Berenberg
Lisa Clive - Bernstein
Julien Dormois - Exane
Falko Friedrichs - Deutsche Bank
Leandro Mazzoni
Good morning, ladies and gentlemen. Welcome to Philips Fourth Quarter and Full-Year 2020 Results Conference Call. I'm here with our CEO, Frans van Houten; and our CFO, Abhijit Bhattacharya.
On today's call, Frans will take you through our strategic and financial highlights for the period. Abhijit will then provide more detail on the financial performance, and after that, we will take your questions.
Our press release and the related information slide deck were published at 7:00 a.m. CET this morning. Both are available on our Investor Relations website. A full transcript of this conference call will also be made available today on the website.
As mentioned in the press release, adjusted EBITA is defined as income from operations, excluding amortization of acquired intangible assets, impairment of goodwill and other intangible assets, restructuring charges, acquisition-related costs and other significant items. Comparable growth for sales and orders are adjusted for currency and portfolio changes. Finally, forward-looking projections exclude the Domestic Appliances business.
With that, I would like to hand over to Frans.
Frans van Houten
Yes. Thanks, Leandro. Hi, everybody. Good morning to you. I hope that you and your families are keeping safe and well. It's clear that COVID-19 pandemic is far from over, and my thoughts go out to the caregivers and patients as we battle the virus all together. In this environment, we, at Philips, are proud of our
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