Share to Reddit

Philips LED Lighting Sales up 51%

Third quarter results from Philips show comparable sales growth of 5% to €6.1 billion. The star performer seems to be LED lighting. Philips lighting business showed 4% comparable growth. LED based sales however were up by a full 51% compared to Q3 2011 and now account for 24% of total lighting sales.

Philips LED BulbJeff Warren / CC BY-SA 2.0

Frans van Houten, CEO of Royal Philips Electronics commented, “In Lighting, LED-based sales continued to show strong momentum with comparable sales growth over 50%, which requires us to accelerate the rationalization of our conventional lighting industrial footprint.”

Philips have been a champion of LED lighting and the development of cutting edge LED technology for a number of years now. Developments have included their L Prize winning 60W LED bulb. As well as a wide range of LED lighting fixtures, Philips manufactures high quality, low energy bulb replacements in all shapes and sizes.

Interestingly, Philips’ Q3 Quarterly Report mentions its status as a supersector leader in the 2012 Dow Jones Sustainability Index and states it’s leadership in sustainability as “an integral part of the company’s health and well-being strategy.”

Philips commitment to the development of LED lighting seems to be paying off.

Share to Reddit
This entry was tagged , , .

You might also like:

Comments are closed.