Recently, Philips released the third quarter of 2012 report. Among them, the company's lighting division sales increased by 4% year-on-year, mainly due to the double-digit growth of Lumileds LED chip and automotive lighting business, as well as the single digit growth of the light source and lighting electronics business. LED lighting business sales increased by 51% year-on-year, currently accounting for 24% of the lighting business. The division's third quarter earnings before interest and tax amortization was 2.2%, taking into account factors such as further structural adjustments, acquisition-related expenses, and losses from the sale of industrial assets. Excluding the above factors, the division's third-quarter profit before interest and tax amortization rate was 7.0%.
As of the third quarter of 2012, Philips has saved a total of 306 million euros. Recently, Philips announced that it will increase its throttling target to 1.1 billion euros, which requires that the costs related to further structural adjustment be controlled this year. It is estimated that in the fourth quarter of 2012, the company's structural adjustment and acquisition related costs will reach 300 million euros.
As of the third quarter of 2012, Philips has saved a total of 306 million euros. Recently, Philips announced that it will increase its throttling target to 1.1 billion euros, which requires that the costs related to further structural adjustment be controlled this year. It is estimated that in the fourth quarter of 2012, the company's structural adjustment and acquisition related costs will reach 300 million euros.
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