Philips Lighting satisfied with result

Philips Lighting achieved sales of EUR 6,965 m in 2017, 2.1% less than in 2016.

LED revenues increased by 19% and now account for 65% of total turnover; in the previous year it was still 55%.

Net income was EUR 281 m; in 2016 net profit was EUR 185 m and thus an increase of 52% !!! 32,130 people were employed in 2017; almost 6% less than in 2016.