2016-04-26

Philips' Lighting Unit Likely Sell Via IPO than Private Sale

Frans van Houten, CEO: “Philips’ first-quarter 2016 results reflect solid comparable sales growth across our HealthTech businesses and our LED Lighting business, bolstered by the successful launch of several new products. We also delivered continued operational improvements throughout the company, driven by higher volume and improved product mix. Our overall performance strengthened, supported by the ongoing benefits of our multi-year Accelerate! transformation program, despite challenging macro-economic conditions in several markets.
Continue reading

Signify, the world leader in lighting, is proud to unveil the Philips GrowWise smart spectrum - an innovative algorithm designed to automatically optimize horticultural LED lighting based on real-time sunlight irradiation. Signify empowers gro... READ MORE

This year's report plays a key role in aligning with the upcoming standards of the European Union and is built on a significantly broader data foundation than in previous years. For the first time, the report includes all LEDVANCE entities... READ MORE