Philips Lighting Quarterly Profit Jumps on Soaring LED Sales

Updated on
  • LED-based sales grew 25%; account for 53% total revenue
  • Adjusted Ebita margin widens to 9.3%; shares advance

Philips Lighting CEO: European Business Is Growing

Philips Lighting NV said second-quarter profit rose 16 percent as the world’s largest lighting manufacturer boosted sales of products based on more energy-efficient light-emitting diodes.

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