Philips LED product sales jumped 43%

  21, 2009, Philips announced 2014 second quarter (April-June) earnings results, Philips 2014 second quarter revenue was reduced by 6% to 5.293 billion euros; stalls ahead of earnings before interest and tax (EBITA) years less 30.95 percent to 415 million euros; net reduction from 23.34% to 243 million euros.

 Philips LED product sales jumped 43%

  Philips Lighting sector sales in the second quarter of the year increased by 1% to 1.943 billion euros; EBITA was € 138 million. Which, LED product sales increased 43% in the year, accounting for Philips Lighting sector accounted for 36% of sales, compared with the same period last year, the proportion increased by 11%. Meanwhile, Philips said that the company's traditional lighting sales declined 13 percent this season. The company will take appropriate measures to ensure sustained profitability traditional lighting in the coming years.

  For performance decline, Philips said the company health care sector is located in Cleveland, Ohio, factory was after the U.S. Food and Drug Administration (FDA) inspection, from January to suspend production this year will result in Philips EBITA 6,000-7, € 0,000,000 in damages.

  In addition, as of last June 30, 2014, Philips € 1.5 billion share repurchase program was completed by 26%. Philips said its Consumer Lighting Division of recovery in Europe is making progress, the goal is to make the business throughout the year breakeven.

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