AMSTERDAM (Reuters) - Dutch Philips Electronics said it expected fourth-quarter sales of about 2.8 billion euros ($4.1 billion) at its Consumer Lifestyle unit, up from 2.1 billion in the third quarter and signaling a pick-up in the market.
Europe's biggest consumer electronics producer will host an analyst meeting on Wednesday, where it will say it expects its television business to post at least a break-even result in 2010.
Philips, which last year said it would not meet 2010 targets due to the recession, said it was now ideally positioned to benefit from high-single digit growth expected in consumer electronics and domestic appliances markets over coming years.
The unit, which makes products ranging from MP3 players and digital photo frames to water kettles, toasters and shavers, realized more than 200 million euros in cost savings in the past two years.
In the third quarter the unit accounted for about 35 percent of total group sales. (Reporting by Harro ten Wolde; Editing by Dan Lalor)
($1 = 0.6877 euro)
