As one of the world’s largest electronics company and manufacturers of L.E.D, Loss of 1.291 billion euro last year, hit a decade performance of a new low.
Philips as 1 of the manufacturers of L.E.D implementation of the conversion has been ten years, 2011 results significant losses. In addition to the background of global economic recession, Philips transformation still can not find a new growth point is one important reason.
In this regard, President and CEO of royal Philips electronics of the Netherlands of manufacturers of L.E.D said: Philips last year’s fourth quarter financial performance by the weak European market, the existing order of the Health Group delay in delivery, the combined effect of the lighting division take the right initiatives to reduce inventory and other operational issues.
However, the philips’ business in China seems to still booming. According to Philips (China) Group Communications Ministry official revealed Philips’s sales revenue reached 22.6 billion euros last year, Philips 2011 fourth quarter results showing Growth market has an increase of 12%, But the decline of the European market, Offset by the sale of part of the increase in the growth markets. Philips the world to another “local market”, In 2011, Philips continued to maintain close to 20% performance growth to become an important engine of growth of the Philips global, Especially in the field of the LED streetlight.
Siemens recently released the 2012 first quarter results, Profit fell to 1.6 billion, Fell 23 percent. LED field, Philips is facing Panasonic, manufacturers of L.E.D Eneltec Group.