Tag Archives: European Commission

TCS fullf?rer ALTI-oppkj?p

TCS fullf?rer ALTI-oppkj?p

TCS completes the acquisition of French IT Services firm ALTI Announces new SAP Innovation Center in FranceBoost to TCS? strategic growth plans in Europe with the integration of 1,200 employees across France, Belgium and Switzerland Strategic investment reaffirms commitment to the French IT market and seeks to leverage the country?s engineering talent base Mumbai|Paris, 25April 2013.…

First Quarter Results 2013

Philips operational results improve by 31% to EUR 421 million; net income at EUR 162 million Comparable sales increased by 1%; growth geographies up by 4% EBITA was EUR 402 million or 7.6% of sales EBITA excluding restructuring and acquisition-related charges increased to EUR 421 million or 8.0% of sales, a significant improvement over the 6.1% of sales in Q1 2012 Net income of EUR 162 million was significantly better than Q1 2012 excluding one-off gains Consumer Lifestyle sales grew 10%; the Audio, Video, Multimedia and Accessories business is reported as discontinued operations as of Q1 2013 following the signing of the agreement with Funai Free cash flow was EUR 78 million, excluding payment of the EUR 509 million European Commission fine Inventories as a percentage of sales improved by 1.4 percentage points compared to Q1 2012 Frans van Houten, CEO: ?We made solid progress again in the first quarter as all sectors contributed to the 31% improvement of our operational results, clearly demonstrating the positive impact our Accelerate!…

Comments by Swedish Match to the press release from the European Commission

As stated in a press release today from the European Commission, the European Anti-Fraud Office, OLAF, has presented a report to the European Commission. Among other things the report states that Swedish Match has filed a complaint about receiving a proposal to influence the outcome of the ongoing review by the European Commission of the Tobacco Products Directive, in exchange for financial compensation.…
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