Philips Electronics announced its 2011 Q4 (October-December) earnings report: revenue increased 3.3% to 6.712 billion euros; pre-tax pre-tax advance earnings decreased 44.9% to 503 million euros; net loss amounted to 160 million euros.
In the fourth quarter of Philips, LED sales increased by 37% year-on-year; the lighting sector revenue increased by 5% to 2.072 billion euros. LED revenue currently accounts for approximately 18% of the Philips lighting division. In terms of regions, revenue in Western Europe in the fourth quarter of 2011 decreased by 6% to 1.909 billion euros; revenue in North America increased 4% year-on-year to 2.049 billion euros.
Philips pointed out that the uncertainty of the global economy (especially Europe) makes the company hold a conservative view this year, and the first half of this year will not be too easy. Philips said the company will look for growth momentum outside Europe.
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