Philips updates market on Lighting business
Wednesday, September 20, 2006, Amsterdam, The Netherlands – In a meeting with investors and financial analysts today, Royal Philips Electronics (NYSE: PHG, AEX: PHI) will discuss how the company’s Lighting business continues to make a solid contribution to profitable growth and value creation by building on Philips’ number one position in the global lighting market and playing an active role in shaping the emerging market in energy efficient lighting.
Booming Asian demand highlights potential for energy-efficient lighting
Lighting accounts for 19% of global electricity consumption, and Asia continues to make up a growing share of that demand. For example, Asian economic growth is boosting the region’s demand for global oil by 45% and for natural gas by 25%. As a leading supplier of energy efficient lighting products, Philips recognizes the potential – both for its Lighting business and for conserving energy.
Through R&D and investments in product innovations there has been a marked improvement in the energy efficiency of lighting products over the past 15 years. Philips estimates that if today’s installed global base of lighting products were replaced by energy efficient alternatives, it would result each year in approximately EUR 50 billion of savings in electricity costs and approximately 270 million fewer tons of CO2 emissions, equalling just over 1 billion fewer barrels of oil consumed or the equivalent CO2 consumption of nearly 14 billion trees.
Mr. Theo van Deursen, CEO of Philips Lighting: “Asia represents a promising lighting market for Philips. Between 2000 and 2005, Philips’ Lighting sales in Asia grew on average 15% per year, mirroring solid growth in other emerging markets. This steady growth in demand highlights the importance of coming out with energy efficient lighting solutions.”
Emerging technologies such as solid-state lighting to shape future market
At the meeting, Philips will also discuss how emerging technologies, such as energy efficient light emitting diodes (LEDs), have significant untapped potential for meeting future lighting needs. For example, Lumileds, the solid state lighting business Philips bought out from Agilent last year, is already further fuelling growth at Philips Lighting: “Over the past three years, Lumileds has grown at an average annual rate of 24%. Clearly, this trend – along with robust demand from emerging markets – is helping keep us well on track to meeting a long-term annual sales growth rate in Lighting of 6%,” Mr. van Deursen said.
For more information on the Lighting Analysts’ Day, please visit
* Investor Relations: www.investor.philips.com
Available on September 20 at approximately 09:30 CET (Dutch time).
You may have to refresh the page.
* Click here for the presentations: www.philips.com/About/Investor/article-16481.html
Available on September 20 at 10:00 CET (Dutch time).
A replay will be begin approx. 2 hours after the event and will be availabe for a year.
An indexed replay will be availalbe the next day.
* Click here for the audio webcast: www.corporate-ir.net/ireye/ir_site.zhtml?
Theo van Deursen
Chief Executive Officer Philips Lighting
* Click here for Mr. van Deursen’s CV: www.philips.com/about/company/management/
* Click here for images of Mr. van Deursen: tk-cc.marcomxchange.philips.com/2023/2033/2039/#8
LED systems are compact and extremely reliable, making it possible to build them into almost any luminaire or architectural design.
* Click here for images of Lighting products: tk-cc.marcomxchange.philips.com/2023/2408/2724/
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world’s biggest electronics companies and Europe’s largest, with sales of EUR 30.4 billion in 2005. With activities in the three interlocking domains of healthcare, lifestyle and technology and 158,000 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.philips.com/newscenter
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
- Contact Information
- Jayson Otke
- Philips Corporate Communications
- Royal Philips Electronics of the Netherlands
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