September 26, 2016 9:14 PM ET

Electrical Equipment

Company Overview of Philips Lighting B.V.

Company Overview

Philips Lighting B.V. designs and manufactures lighting equipment. It offers incandescent and halogen lamps, compact and normal fluorescent lamps, high-intensity gas-discharge and special lamps, fixtures, ballasts, lighting electronics, automotive lamps, and batteries. The company was founded in 1972 and is based in Eindhoven, the Netherlands. Philips Lighting B.V. operates as a subsidiary of Koninklijke Philips N.V.

Mathildelaan 1

Eindhoven,  5600 JM


Founded in 1972


31 402 75 58 93


31 402 75 60 38

Key Executives for Philips Lighting B.V.

Chief Executive Officer
Age: 69
Compensation as of Fiscal Year 2016.

Philips Lighting B.V. Key Developments

Huawei and Philips Lighting Partner to Unlock Ocean of Possibilities for Connected Lighting

Huawei and Philips Lighting have signed a partnership agreement to ensure the seamless interoperability of the Philips Hue connected lighting system for the home with Huaweis OceanConnect Internet of Things (IoT) platform. Under the agreement, Huawei will become a Friends of Hue partner and Philips Lighting a Huawei OceanConnect partner, so that customers using Huaweis IoT platform will be able to offer their end users a certified user experience with full control of Philips Hue lighting. The partnership will further enhance the user experience by enabling Philips Hue lighting products to work seamlessly with other connected devices, systems and apps.

Philips Lighting Announces Earnings Results for the Second Quarter and First Half of 2016

Philips Lighting announced earnings results for the second quarter and first half of 2016. For the quarter, the company reported sales of EUR 1,734 million against EUR 1,849 million a year ago. Adjusted EBITA was EUR 161 million against EUR 139 million a year ago. EBIT was EUR 96 million against EUR 100 million a year ago. Net income was EUR 57 million against EUR 95 million a year ago. Free cash flow income was EUR 60 million against negative of EUR 82 million a year ago. Basic EPS was EUR 0.37. For the first half, the company reported sales of EUR 1,327 million against EUR 1,321 million a year ago. Adjusted EBITA was EUR 282 million against EUR 249 million a year ago. EBIT was EUR 167 million against EUR 155 million a year ago. Net income was EUR 71 million against EUR 125 million a year ago. Negative free cash flow was EUR 18 million against free cash flow of EUR 74 million a year ago. Basic EPS was EUR 0.47.

Philips Lighting B.V. Reports Earnings Results for the First Quarter Ended March 31, 2016

Philips Lighting B.V. reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales of EUR 1,702 million against EUR 1,727 million a year ago. Income from operations was EUR 77 million against EUR 55 million a year ago. EBITA was EUR 100 million against EUR 81 million a year ago. Adjusted EBITDA was EUR 121 million against EUR 110 million a year ago.

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