Sales of packaged LEDs and solid-state lighting products are on the rise at Philips Lighting.
President and CEO of Philips,Frans Van Houten
Announcing their first quarter results for 2011,the company reported that LED-based sales grew 27 per cent compared to the first quarter in 2010–representing 14 per cent of total lighting sales.
LED components accounted for 7 per cent of the lighting division's total revenues of€7.6 billion–approximately€530 million–over the period.
The figure represents an increase of approximately 50 per cent compared with the previous year,and indicates the rapid rate of growth of the industry.
Philips sales of LED-based lamps and luminaires accounted for approximately€600 million in revenues over the past 12 months.This figure brings sales of LED-related products to approximately€1.1 billion in total.
Lighting systems and controls also had a robust quarter with comparable sales growth in the high teens but sales in consumer luminaires remain weak.
Commenting on the results,president and CEO of Philips Frans Van Houten said:"The lighting industry is undergoing an unprecedented transformation and we need to sustain our leadership position in the new world of LED lighting as well as capture adjacent value through local lighting solutions."
According to Philips CFO,Ron Wirahadiraksa,"The continued global trend towards energy efficiency bodes well for the mid-term lighting market developments."
