2017-01-26

Philips Lighting’s 2016 Annual Results Shows Steady Growth in LED Sales

Sales of EUR 7.12 billion (US $7.66 billion), with comparable sales of -2.4% (2015: -3.5%) Continued year-on-year improvement in operational profitability Adjusted EBITA of EUR 645 million (2015: EUR 547 million Adjusted EBITA margin improvement of 180 basis points to 9.1% (2015: 7.3%)  Net income of EUR 185 million (2015: EUR 240 million), including EUR 143 million charges not applicable in 2015 for brand license, separation costs and financial expenses  Free cash flow of EUR 418 million (2015: EUR 632 million) or 5.9% of sales
Continue reading

Signify, the world leader in lighting, announces Philips Skylight, a new ceiling lighting range designed to recreate the feeling of daylight indoors. Inspired by the natural brightness, depth and rhythm of sunlight, Philips Skylight combines a... READ MORE

The awarded program reinforces FORVIA’s position as a key player in next-generation in-cabin safety systems. The solution combines a traditional interior mirror with a seamlessly integrated camera, designed to monitor both driver behavio... READ MORE