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Philips enjoyed strong 4Q13 due to LED-based sales

Posted: 04 Feb 2014  Print Version  Bookmark and Share Subscribe 

Keywords:Philips  LED  consumer luminaire  lighting sales 

[Summary of tips] Philips has revealed that its 4Q13 earnings before interest, tax and amortisation (EBITA) reached about $1,192 million, or 13 percent of sales, compared to a loss of roughly $67 million in 4Q12. LED-based sales propelled the company in 4Q13 seeing growth of 48 percent.Lighting comparable sales increased by eight percent, led by......
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