PHILPS Q2 2012 LED growth of 37% enlightenment

Holland PHILPS Corp. (Philips) before the date of the announcement of the results, health care products and LED lighting performance growth collocation cost reduction measures, improve the company's second quarter revenue and net profit. Revenue from the second quarter of 2011 of 520 million euros in 2012 increased to 590 million euros ($720 million), net profit from the second quarter of 2011 increased to 130 million euros in the second quarter of 2012 to 167 million euros ($203 million 700 thousand).

PHILPS's second quarter profit rose by $127 million ($) in the same quarter of 2012 ($154 million 940 thousand), with a cost reduction of 176 million euros ($214 million 700 thousand). PHILPS shares rose 8% to $17.56 ($21.42) per share after the news was broadcast in Amsterdam. The company said it has completed the 2011 launch of the 200 million euro stock recovery plan of 56%.

However, PHILPS warns of the impact of the financial crisis on the market (especially in Europe). President Frans van Houten said that the economy is now more recession than three months ago, the European market accounted for about 25% of the company's revenue, a great impact on the company. Despite the recession, PHILPS said it would further enhance the quality of products and services.

PHILPS to sell light bulbs, and now the main sales of energy-efficient lighting to enhance sales and profits. According to sales in the second quarter of 2011, LED lighting products in 2012 grew by up to 200 million euros ($290 million), accounting for 37% of the company's total turnover in the second quarter of 20%. The company's health care sector in the second quarter operating income increased from 2011's Euro of 210 million euros to $240 million ($290 million) in 2012.

According to LEDinside, Philips in the global downturn stage, continue to grow in the new LED lighting performance, the main effect of the acquisition of Philips pathway from the kinetic energy of the brand effect, many lighting brands bring, and PHILPS really carefully commercial space related national LED lighting project, and through the rapid replacement of multiple trial mode to find a suitable, with cost competitive strength of manufacturers, in other words, the purchase, a total of four aspects, creating a Philips other than LED higher visibility in the industry.

At this stage of the general terminal LED commodity is not their main goal, but to invest heavily in just a matter of time. We found that the proportion of LED lighting products in the lighting business revenue has been from the previous percentage of Philips, has been raised to 18%, has now come to the 20%, and will continue to go up.

LEDinside is expected to account for more than 30% of this revenue, Philips will really accelerate the use of LED light source for general lighting. When the global LED lighting market growth momentum will be more obvious, the ride manufacturers, and manufacturers are shuffling wash out, in the next three years will be the key.

As for the impact of the European debt crisis, despite the impact on European end consumer market, but the LED project market, commercial space lighting market has been up, so you can clearly see that these higher margin and can accept the higher price of the product, or have LED high permeability, many lighting OEM manufacturers are also in the chase this order. In contrast, the general end products such as LED bulbs, home LED lighting or slow fermentation.