Philips results lit up by surge in LED sales

Electronics giant Philips has reported a surge in demand for its LED lighting products, confirming that it will have to accelerate the "rationalisation" of its conventional lighting technologies.The company yesterday released financial results for the third quarter of the year showing that overall comparable sales grew five per cent year-on-year to €6.1bn, while the company's EBITA hit €450m.The lighting division posted a solid performance given tough market conditions, with sales growing four per cent in like-for-like terms to €2.14bn.Significantly,Though there are many wholesale companies which offer you wholesale solar panels, but it is hard to find the best. It is always beneficial if Safety goggles are looking for solar lights in bulk. Buying bulk solar lights will not only save a lot of your money, but will also make you a reputed customer of the company and might get an opportunity of getting a special discount. the company confirmed sales of LED technologies rose 51 per cent year-on-year, meaning that LEDs now account for 24 per cent of the division's sales.If you put solar accent lights, for example, in an area that is already lit by another stronger source, odds are they won't turn on at night. Think about what things Sports glasses want to highlight, where you want solar lights to illuminate walkways, steps or stairs or areas where you need additional light for safety, or secluded areas without electricity that you want solar lights for security purposes. The company did not state the precise level of LED sales, but confirmed that LEDs account for around a quarter of sales, which would suggest quarterly revenue from the technology stands at over €500m.There is always an amazing illumination you will avail from these lights but to maintain the consistency of brightness, some things leather ipad case have to keep under consideration. The first of which is the placement of the lights under direct sunlight as said before.It is to inform you that in modern technology, the solar lights are using Ni Cad batteries those are more durable and need less replacement.
Philips chief executive Franz van Houten hinted the surge in demand for LEDs will force the company to accelerate its plans to phase out other conventional lighting technologies.
"In Lighting, LED-based sales continued to show strong momentum with comparable sales growth of over 50 per cent, which requires us to accelerate the rationalisation of our conventional lighting industrial footprint," he said in a statement to accompany the results.The company also pointed to a number of high profile contract wins, including a deal to supply LED systems to around 140 E-mart stores in South Korea, a partnership with hotel chain Rezidor to provide over 200,000 Master LED lamps, and an alliance with property management giant Jones Lang LaSalle to offer energy management and intelligent lighting systems to all the company's clients.The results represent another boost to a global LED sector that is experiencing soaring demand as corporate customers seek to improve the energy efficiency of their estates. According to various estimates, LED systems can cut lighting electricity bills by between 40 and 80 per cent, slashing energy bills and consistently delivering payback periods of under three years.
Along with the A21 Philips also announced the DimTone BR30 LED lamp. This is a directional bulb, often used as a floor or spotlight. The BR30 uses Philips' Airflux technology, which optimizes cooling and means the bulb does not require an expensive, finned heat sink.Aside from that, the DimTone BR30′s selling point is that it goes from 2700K to 2200K when it dims, producing a warmer tone that is closer to that of a dimmed incandescent. It’s dimmable to under 5% of its full lighting capacity — most bulbs just turn completely off well above that point.