Philips Q2 sales reached 5.7 billion euros, up 3% year-on-year
Recently, Philips announced the company's second-quarter earnings, sales in the second quarter reached 5.7 billion euros, an increase of 3%; operating results reached 530 million euros, an increase of 30%.
Philips Lighting's sales increased 2% year-on-year, thanks to the growth in automotive lighting, lumileds and consumer lighting businesses. Sales of LED-based lighting products increased by 28% year-on-year, accounting for 25% of total lighting division sales. In the growth market, sales showed double-digit year-on-year growth. Excluding restructuring and acquisition related expenses and US past personnel pension cost savings, the profit margin before interest and tax amortization increased to 8.1%, an increase of 2.4 percentage points.
CEO Mr. Wandun said: “The operating results of the entire business of the lighting division have improved. LED continues to maintain strong growth, LED-based lighting products sales increased by 28% year-on-year. Looking forward to the second half of 2013 Although we are worried about the uncertainty of the world economy, we are still committed to fulfilling our financial goals this year."
In the second quarter, the “customer-centric†initiative in the Accelerated Growth program enabled Philips to achieve encouraging results in a number of markets. For example, an innovative partnership has been established with the Georgia regents medical center, and in the next 15 years, Philips will provide comprehensive consulting services and advanced medical technology, based on pre-agreed monthly operating expenses. , providing operational performance planning and maintenance services.
Philips Lighting's sales increased 2% year-on-year, thanks to the growth in automotive lighting, lumileds and consumer lighting businesses. Sales of LED-based lighting products increased by 28% year-on-year, accounting for 25% of total lighting division sales. In the growth market, sales showed double-digit year-on-year growth. Excluding restructuring and acquisition related expenses and US past personnel pension cost savings, the profit margin before interest and tax amortization increased to 8.1%, an increase of 2.4 percentage points.
CEO Mr. Wandun said: “The operating results of the entire business of the lighting division have improved. LED continues to maintain strong growth, LED-based lighting products sales increased by 28% year-on-year. Looking forward to the second half of 2013 Although we are worried about the uncertainty of the world economy, we are still committed to fulfilling our financial goals this year."
In the second quarter, the “customer-centric†initiative in the Accelerated Growth program enabled Philips to achieve encouraging results in a number of markets. For example, an innovative partnership has been established with the Georgia regents medical center, and in the next 15 years, Philips will provide comprehensive consulting services and advanced medical technology, based on pre-agreed monthly operating expenses. , providing operational performance planning and maintenance services.
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