Dutch electronics giant Philips has warned that its fourth quarter pro ts will be worse than expected
Philips has yet to release full figures, but it said free cash flow would be £826m. It was £991m last year.
Philips said the problems in the struggling European market meant it could not charge customers as much as it would have liked for lamps, leading to the drop in profits.
Chief executive Frans van Houten said: ‘We have taken measures to address our inventory situation in the lighting business.’
19 July 2011
Elite Lighting Solutions, the Romford-based supplier of retrofit LED installations, has gone into liquidation along with a number of sister companies in the HSE Group, resulting in the loss of over 100 jobs.
07 January 2011
The Society of Light & Lighting has announced the finalists for the 2011 Young Lighter of the Year competition. They will have chance to present their papers at the Arc show.