Philips’ sales of LED engines and luminaires are growing at 21 per cent, the latest figures show.
Philips chief Frans van Houten said the results were lower than expected. ‘Lighting results in the quarter were disappointing,’ he told the Press. ‘We are addressing our operational issues, while investing for growth.’
The company has rolled out a comprehensive performance improvement programme, which includes a cost reduction plan which has a target to cut £450 million of costs across the entire Philips portfolio.
Supermarket group Spar is to roll out LED lighting to its supermarkets, following two successful trials covered exclusively in Lux magazine.
Recolight has lowered the threshold for its free lamp recycling service to allow businesses that collect fewer lamps to benefit.