We see now for several weeks already a consensus around a decline of semiconductor market year-on-year of 26 percent,

With this week's stock announcement likely to show a fresh decline in gasoline, it adds to market fears caused by the switch to greener fuels.

Focus on costs and asset management clearly remains the best course, given the fragile market conditions,

Its seems the worst slump in recent business history is behind us now, and the we begin to see the start of a new upturn in the business cycle, ... We are encouraged by the improved performance in many of our businesses, especially in semiconductors and components.

Thanks to solid underlying performance during the quarter, we are on track with our financial targets and delivering on our commitments.

After a slower first half year, we are pleased to see growth across Philips has picked up in the third quarter as we improved our profitability,