LED share rises to 68%
In the 3rd quarter 2017 Philips Lighting achieved a turnover of EUR 1,684 m, which is 3.5% less than in the same quarter last year.
Turnover in the LED division rose by 22% and now make up 68% of total turnover, compared to only 56% in the 3rd quarter 2016.
Net profits amounted to EUR 110 m, which is an increase of 115.7%.
There were 33,422 people employed in the company, only slightly fewer than last year.