At Philips, revenue from LED-based products grew year-on-year by nearly half in the last quarter of 2013, rising from 25 to 34 per cent of total lighting sales. At Osram in the same period, revenue for LED products went from 26 to 33 per cent of the total.
The rapid growth of LED at Philips helped the Dutch company’s lighting division grow eight per cent in the three-month period to €2.3bn, more than twice as fast as the company as a whole.
The year saw Philips land some big lighting contracts, including a deal to supply 13,000 car park fixtures for the Metro system in Washington DC, and a contract to upgrade most of Buenos Aires’ 125,000 streetlights.
Meanwhile Philips’ German rival Osram reported a ‘solid’ performance for the last three months of 2013, with sales up two per cent on a comparable basis to €1.3bn. The revenue share of LED-based products grew from 26 to 33 per cent.
Osram CEO Wolfgang Dehen said the figures show ‘that we drive the transformation towards the digital era of light’.