Philips Lighting net profit rasie 88.7%

With the rise of LED lighting, the traditional lighting market style is an indisputable fact. However, even the era of LED lighting Hurricane broke, too fierce price war also left a painful memory for the new and old players.

Since 2015, LED lighting replacement cycle gradually slowed down, the LED lighting industry into a painful period. Old players OSRAM, GE have stripped off in the awkward business of lighting, or sell or exit, new players crashing into the sand several times, or stop loss switch, or insist on.

The rapid rise of LED lighting and the popularity of alternative lamps can not be separated, simple and easy bulb lamp, the price of the people, easy to install, ordinary people can buy home direct replacement. On the other hand, manufacturers are also easy to manufacture. The standardized specifications are easy to automate. Automated testing, automated packaging and large-scale production make the cost low compared to traditional lighting products.

However, this is not the way of LED. Simple replacement of lamps and did not give full play to the energy-saving advantages of LED, swept the world is inefficient LED bulb lamp, luminous efficiency has not yet fully reflected the level of LED luminous efficiency. A high degree of product homogeneity, excessive price competition, so most of the manufacturers involved in a loss, not to lose money.

On July 21, Philips Lighting disclosed the results for the first half of 2017 with sales of 3,389 million euros in the first half of 2017 and net revenue up 88.7% from the previous year to 134 million euros.

The only traditional three global lighting giant did not fall into the dilemma, but in the increasingly fierce competition in the LED lighting market to blaze a trail of blood, the only one.

And supporters of Philips Lighting in the traditional lighting business 18% decline in the occasion of the net profit growth is still maintained, it is the LED lighting business.