Royal Philips Electronics NV (Philips), the world's largest light bulb manufacturer, announced its last quarter earnings report on February 25, 2010. The sales of green energy-saving products in the lighting, healthcare, and quality life divisions of Philips' three divisions were all in 2009. Gain significant growth. In 2009, Q4 revenue decreased 13% to 7.263 billion euros and net profit was 260 million euros. Philips said that most of the decline in revenue was due to exchange rate fluctuations. In 2009, Q4 EBITA was 662 million euros, an increase of 9.1% compared with the increase of 636 million euros in the same period of 2008. In addition, the adjusted EBITA set a new record of 12.3%. As Philips faces the financial tsunami, it must consider the cost issue. In the second half of 2008, the cost reduction policy will be implemented. It is estimated that the cost will be reduced by 700 million Euros in 2010.
Philips' concept LED street light product map (Credit: Philips)
Philips' lighting revenue was 1.846 billion euros, operating profit was 41 million euros, accounting for 29% of total revenue, due to the reduction in restructuring costs in 2009, resulting in revenue growth in various sectors. Lighting revenues have grown substantially due to the steady growth of Lumileds and Automotive and the implementation of the ban on incandescent lamps, but because Professional Luminaires also maintained a double-digit recession, offsetting growth revenues. EBITA increased by 197 million euros, a growth of 10% compared to 2008 Q4, mainly because Lumileds and Automotive have a relatively high operating income.
Philips pointed out that the LED bulb business currently accounts for more than 10% of the bulb business revenue, after conversion is about 185 million euros or more. Philips said that in addition to strengthening and solidifying its current market position in all major sectors, they hope to become a leader in outdoor lighting, expand their consumer lighting business and optimize their lamp life cycle.
The fourth-generation Eco Vision 4 program at Philips headquarters, from 2007 to 2012, is the company's three cores of lighting, healthcare, and quality of life. Philips' green product sales in 2009 accounted for 31% of total revenue, which is expected to reach 50% in 2015.
In addition, other international LED manufacturers in the recent financial reports, LEDinside observed the performance of Cree and other LED manufacturers, showing that LED international factory camps are pretty, LED applications continue to grow.
Among them, LED epitaxial, LED component manufacturer Cree, in the second quarter of fiscal year 2010 (2009-10 to December 2009), the financial report performed well, revenue growth of 35%, the amount of 199.5 million US dollars, than market expectations It’s better. According to Cree's earnings report, the key driver of revenue growth is Wal-Mart, the largest US distributor, which has installed 650 business locations in its LED lighting.
At this stage, the US Department of Energy (DEO) has also provided $37 million for LED manufacturers to make performance improvement plans. The goal is to further reduce the cost of LED lighting and effectively improve luminous efficiency, so that more consumers can accept it. LED lighting products.
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