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Philips Predicts TV Business Will Be Profitable in 2011

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May 6 (Bloomberg) -- Royal Philips Electronics NV, the world’s biggest lighting company, said its television unit will be profitable in 2011 after at least breaking even this year.

The division will have a mid single-digit margin for earnings before interest, taxes and amortization in 2011, Chief Financial Officer Pierre-Jean Sivignon told reporters in Boston today.

Sivignon also said the company is seeing increased demand for low- and mid-end imaging products in the U.S. and for high-end imaging in China.

To contact the reporter on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

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