Philips CEO: We Are Confident About Reaching 2013 Targets

1:15 AM ET Mon, 23 July 2012

Frans Van Houten CEO of Royal Philips Electronics, told CNBC, "Undeniably the general economy is not a friend but in Philips we have been looking for the pockets of growth where we can grow, we see that the Russian market, Middle East and Asia are holding up very well and I am pleased with our growth in the United States."