* CFO eyes China, Germany to lead sales upturn

* Swings to Q2 operating profit vs forecasts of further loss

* Says H2 sales may exceed H1; widens cost-cuts target

* Shares up 4.9 pct, top gainer in DJ Stoxx 50 index

(Adds EU price-fixing charges, updates shares)

By Harro ten Wolde

AMSTERDAM, July 13 (Reuters) - Philips Electronics (PHG.AS: Quote, Profile, Research) (PHG.N: Quote, Profile, Research), Europe's biggest consumer electronics maker, said some of its key markets are primed for an upturn in sales, though any growth this year would likely be driven by government spending programmes.

The Dutch conglomerate -- the world's biggest lighting manufacturer -- surprised industry experts on Monday with a return to profit in the second quarter, helped by cost cuts.

Its shares were up 5.2 percent at 13.62 euros by 1249 GMT, the top gainers in the DJ Stoxx 50 index .STOXX50, which was up 1.1 percent. The stock rose as high as 13.73 euros, its highest in a month.