Philips has announced that lighting sales for Q1 2014 were 'flat' when compared with the same period in in 2013.
The strongest performing division were Lumileds and Automotive which achieved double-digit growth but Light Sources & Electronics and Professional Lighting Solutions both posted a low-single-digit decline. Meanwhile, Consumer Luminaires was the worst performing division recording what the company described as a 'high-single-digit decline'.
On a more positive note, LED-based sales at the company grew by 37 per cent compared to Q1 2013 and now represent 33 per cent of total lighting sales. The company also revealed that sales in growth geographies – even after stripping away the strong OEM and Lumileds figures – showed a low-single-digit increase.
EBITA (earnings before interest tax and amortizations) amounted to EUR 138 million, or 7.3 per cent of sales, compared to EUR 147 million, or 7.4 per cent of sales, in 2013.
