Philips’ LED sales up 43 per cent

Philips’ LED sales have grown by 43 per cent since this time last year, its financial report for the second quarter of the year reveals. 

In the last three months, LED products represented 36 per cent of sales in the company’s lighting division, compared to 25 per cent in the second quarter of last year. Sales of conventional lighting saw a 13 per cent decline for the quarter.

Most of Philips Lighting's LED sales growth comes from sales of car lights and LED chips - part of the business that Philips plans to separate as a standalone company 'within the Philips Group'.

Sales of professional luminaires showed 'low-single-digit' growth, while consumer luminaires and light sources showed a ‘mid-single-digit' decline.

Overall, Philips Lighting reported growth of one per cent since the second quarter of the last financial year.

Frans van Houten, Philips’ chief executive, said: ‘Our decision to combine the Lumileds and automotive lighting businesses into a standalone company within Philips will allow it to extend its leading portfolio of digital lighting components and achieve robust growth, serving even more customers in the industry, as well as Philips Lighting.’