Lighting Industry, News

LEDs now 30% of sales at Philips

The results for the months of June, July and August this year reveal that, compared to the same period last year, overall sales increased by 3 per cent, driven by demand for Lumileds LED components, car lighting, lamps and control gear. But sales at Professional Lighting Solutions and consumer luminaires fell in the same period.

LED-based sales grew by 33 per cent and now represent 30 per cent of total lighting sales. Profit margin excluding restructuring and acquisition-related charges was 10.2 per cent, a year-on-year improvement of 3.9 percentage points.

Cost-cutting and streamlining programmes were continuing and were yielding results, the company said in a statement.