According to a financial report released recently by the Dutch manufacturer Philips, the growth of healthcare products and LED lighting performance coupled with cost-reduction measures have improved the company's second quarter operating income and net profit. Operating income increased from 520 million euros in the second quarter of 2011 to 590 million euros (7.2 billion US dollars) in 2012, and net profit increased from 130 million euros in the second quarter of 2011 to 167 million euros in the second quarter of 2012 ($2.037 billion).
Philips' profit for the second quarter of 2012 rose by 127 million euros (15,494 million U.S. dollars) from the same quarter of 2011, and costs decreased by 176 million euros (214.7 million U.S. dollars). After the news broadcast in Amsterdam, Philips' share price rose by 8% to 17.56 euros (21.42 US dollars) per share. The company said it has completed 56% of the 200 million Euro stock recovery plan launched in 2011.
However, Philips warned the public of the impact of the financial crisis on the market (especially the European market). President Frans van Houten said that the economy is now more recession than it was three months ago, and that the European market accounts for about 25% of the company's revenue, which has a huge impact on the company. Despite the economic downturn, Philips said it will continue to further improve the quality of its products and services.
LEDinside's point of view Philips sells light bulbs, but now it sells high-efficiency and energy-saving lamps to increase sales and profits. According to sales in the second quarter of 2011, LED lighting products grew by 37% in 2012 to reach 200 million euros (290 million US dollars), accounting for 20% of the company's total turnover in the second quarter. The companyâ€™s second-quarter operating income from the healthcare sector increased from 210 million euros in 2011 to 240 million euros (290 million US dollars) in 2012.
LEDinside believes that Philips can continue to grow in the new LED lighting performance during the global economic downturn. The major momentum comes from the Philips brand effect, the channeling effect brought by the acquisition of many lighting brands, and Philips' careful commercial space. Related national LED lighting projects, through rapid replacement, multiple trial production methods, to find suitable and cost-competitive manufacturers, in other words, the strong forces of procurement, this total of four aspects, creating Philips than other LED The company has higher visibility in the industry.
The general terminal LED products at this stage are not their main goal, but it is only a matter of time before the big investment is made. We have found that Philips' LED lighting products have increased their revenue percentage from the previous single digit percentage to 18% in the lighting business. Now it has reached 20%, and it will continue to increase.
LEDinside expects Philips to accelerate the adoption of LED light sources for general-purpose lighting when the revenue share exceeds 30%. The growth momentum of the global LED lighting market will become even more apparent. The manufacturers who take the wind and the companies that have been shuffled out will be the key for the next three years.
As for the impact of the European debt crisis, despite the impact on the European end-consumer market, the LED project market and commercial space lighting market have risen, so it is clear that these higher margin products that can accept higher unit prices are still relatively With high LED penetration rate, many lighting OEMs are also chasing orders in this area. Relatively speaking, the penetration rate of general terminal products such as LED bulbs and household LED lamps is still slow to ferment.
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