Electronics giant Philips wants to book annual sales growth 2% above growth in the global economy, the company said in a strategic update published on Tuesday.

In addition, earnings per share should be double sales growth, the company said in its Vision 2015 document.
Five years ago the company set a target of 6% sales growth a year.
Three pillars

The company also reaffirmed its commitment to its three-pillar strategy of lighting, medical equipment and consumer electronics.
‘We will continue to build on the key global trends to expand our leadership in key businesses such as home healthcare, LED lighting solutions and healthy living and personal care,’ CEO Gerard Kleisterlee said.
According to Reuters, analysts have suggested Philips may have to abandon this because synergies between lighting, healthcare and consumer electronics are limited.