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LED-based sales surge helps drive Q4 2013 growth for Philips

LED-based sales surge helps drive Q4 2013 growth for Philips

Business news |
By eeNews Europe



LED-based sales were a dynamic performer for the company in the fourth quarter of 2013 seeing growth of 48 percent.

Lighting comparable sales increased by 8%, led by double-digit growth at Lumileds and Automotive. Light Sources & Electronics and Professional Lighting Solutions achieved mid-single-digit growth, while Consumer Luminaires recorded a low-single-digit decline.

LED-based sales now represent 34% of Phlips’ total Lighting sales.

Philips CEO Frans van Houten, said: “The fourth quarter of 2013 was another good quarter for Philips, despite the challenging economic environment and ongoing currency headwinds. In the quarter, Lighting and Consumer Lifestyle both delivered strong comparable sales growth of 8%. At Healthcare, comparable sales increased by 4%, while order intake declined 1% as a result of weak markets in US and Europe. The operational profitability of all sectors improved substantially, driven by good sales growth, gross margin expansion of two percentage points and the productivity gains, all coming from the Accelerate! program".

In growth geographies, comparable sales showed a double-digit increase. EBITA margin excluding restructuring and acquisition-related charges and other losses was 10.4%, a year-on-year improvement of 2.5 percentage points.

Visit Philips at www.philips.com/global

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