Philips Q1 LED product sales increase 37% year-on-year

　　From the personal wireless smart lighting system "hue", to the two most eye-catching lighting fixtures that are the first in the world to use 3D printing. Philips has been leading the lighting industry in its rapid transformation from traditional lighting applications to energy-efficient LED lighting.

　　Today (22nd), Philips announced its Q1 2014 (January-March) financial report, which showed that Philips' Q1 2014 revenue decreased by 4.5% year-on-year to EUR 5.02 billion; earnings before interest, taxes and amortization (EBITA) decreased by 21.9% year-on-year to EUR 314 million; net profit decreased by 15% year-on-year to EUR 137 million.

　　Philips' Q1 lighting division sales decreased by 4.2% year-on-year to EUR 1.892 billion; EBITA decreased by 6.1% year-on-year to EUR 138 million. Among them, LED product sales increased by 37% year-on-year, accounting for 33% of Philips' lighting division sales, higher than the 23% sales proportion a year ago.

　　According to Philips' Q3 2013 financial report, in Q3 2013, the LED business in the lighting division grew by 33%, already accounting for 30% of the overall lighting business.