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Apr. 14. 2008 / 4:00AM, PHG - Q1 2008 Royal Philips Electronics Earnings Conference Call

Pierre-Jean Sivignon - Royal Philips Electronics - CFO

Okay, let me take those points. On Television for the guidance, which we haven't given, but for the trend on Television for the year, excluding the EUR125 million which is related to the Funai and supply chain measures, I think it's a bit early to tell you. I would like to come back to you at the end of Q2 to do that. But the plan would be of course, excluding that EUR125 million, to improve year-on-year, but I would wait because -- and you see those numbers because now they are disclosed to you. But I would like to wait until the end of Q2 once we have totally gone through the details of the agreement with Funai, as well as obviously absolutely timed and fully measured the impact of the extra measures beyond the Funai transaction that we are currently detailing, as we speak.

So on Connected Display expected guidance for the year I think I would like to discuss that after Q2 when we have got a bit more work on the particular subject I just mentioned.

Your second question is related to the guidance on EBITA. Well, the guidance on EBITA, as I just mentioned, I have excluded the one-offs. I have said that there is a fair chance because we usually have in Philips positive one-offs offsetting the negative ones so we'll see how the rest of the year comes out because we still have some businesses to sell and we expect some capital gains on that. So we'll see where that goes. But basically excluding those one-offs, yes, I am expecting the EBITA margin of '08 to be in percentage north of the one of 2007. And that's I way I see it today.

Johannes Ries - Cominvest - Analyst

Even including maybe some challenges you see from the US in the Healthcare business, maybe some challenges in the Lighting business in Europe, is that included already in this (multiple speakers)?

Pierre-Jean Sivignon - Royal Philips Electronics - CFO It is including the challenges that I currently see.

Johannes Ries - Cominvest - Analyst Super.

Pierre-Jean Sivignon - Royal Philips Electronics - CFO

I think I'm just like you, I have one quarter, I have my backlogs, I have the forecast given to me by the sectors. That's the way I see it right now, yes.

Now to your question on cash flow, yes, I would expect the cash flow of this year to be north of the cash flow of last year, yes.

Johannes Ries - Cominvest - Analyst Super, thanks.

Operator (OPERATOR INSTRUCTIONS) You have a follow-up question from Mr. Didier Scemama from ABN Amro. Please go ahead, sir.


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