Philips Lighting

News aus der Elektroindustrie

Signify, the former Philips-Lighting, based in Eindhoven,

Signify, the former Philips-Lighting, based in Eindhoven, achieved sales of 1,478 m EUR in the first quarter of 2019, a decrease of 1.5% compared to 2018. However, net profit more than doubled from 20 m to 44 m EUR.

For the full year, the management expects that the profit engines, e.g. LED will be growing by 2 - 5% and reach an adjusted EBITA margin of 11 - 13%.

Philips remains a major shareholder in Signify, the independent publicly traded company, with a stake of 16.5%.

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Philips Lighting officially launched its new company name Signify on May 16th. The company expects the name change to be implemented in all countries by early 2019.

Philips Lighting officially launched its new company name Signify on May 16th. The company expects the name change to be implemented in all countries by early 2019.

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Philips Lighting will change the name Philips Lighting to Signify. The decision to choose the new company name.......

Philips Lighting will change the name Philips Lighting to Signify. The decision to choose the new company name.......

is due to the fact that light becomes an intelligent language that can connect and transmit messages.

Under the existing licensing agreement with Royal Philips, the company will continue to use the Philips brand name as the most trusted lighting brand in the world.

"Our new company name is another step in our path to transforming the business," said Philips Lighting CEO Eric Rondolat. "It clearly expresses our strategic vision and gives us an excellent opportunity to introduce our own new corporate-look that will further bring our 32,000 employees together. At the same time, we are proud to continue to lead our products under the Philips brand. "
 

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Chris White becomes CEO of Philips Lighting throughout the Americas (North, Central and South America)...........

Chris White becomes CEO of Philips Lighting throughout the Americas (North, Central and South America)...........

and is responsible for all operational and commercial activities of the entire lighting division.

Chris White reports to Eric Rondolat.

White comes from Cisco, where he has worked in various management positions over the last 20 years.
 

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Philips Lighting apparently plans to change the name of the company and will announce it by the end of June 2018 at the latest.

Philips Lighting apparently plans to change the name of the company and will announce it by the end of June 2018 at the latest.

As the head of Philips, Eric Rondolat, said at the last press conference, of course we will continue to use the Philips brand, as we have a brand license agreement for the next decade.

There was no further indication of what the name would be, except perhaps that the change is meant to express the importance of information technology and service orientation.

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

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.

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Philips Lighting appoints Greg Blackett as Marketing Director in Canada. Blackett comes from Johnson Controls, where he served as director of marketing and product management. Previously he was with Rogers and Siemens Enterprise Communications.

Philips Lighting appoints Greg Blackett as Marketing Director in Canada. Blackett comes from Johnson Controls, where he served as director of marketing and product management. Previously he was with Rogers and Siemens Enterprise Communications.

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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.

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.

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Terrassa's Lamp Lighting was acquired by the Dutch Nordeon Group at the beginning of January.

Terrassa's Lamp Lighting was acquired by the Dutch Nordeon group at the beginning of January.

The alliance was decided in December of last year, but resigned not in force until 2017.

The Nordeon Group, founded in 2012, is the result of the acquisition of parts of Philips Lighting in Springe / Germany and Chalon and Dijon / France.

Following further acquisitions, Nordeon has now become one of the leading European lighting companies.

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In January the company had given in to the Committee on Foreign Investment in the US (CFIUS) and called off the sale of Philips Lighting........

In January the company had given in to the Committee on Foreign Investment in the US (CFIUS) and called off the sale of Philips Lighting........

to the Chinese consortium Go Scale Capital, and now it has been decided at company headquarters to launch it on the stock market in Amsterdam. However, the timing and price have not yet been fixed.

At first 25% of the shares are being offered, and the rest will follow over several years. In dividends 40 – 50% of the profits are being distributed, and a first dividend is expected in 2017, based on the results of the year 2016.

In future Philips will concentrate on its health and medicine business.

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