![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7M570UOmpUfMq0oR4OtxzUj71poe5BReLLMMml0RBKOkx150FLkSOsZPbcUyBU7hbwOyH16HzvqYVWO2GWDr2Rn2SvO926nrv4GEPngzooo62Svz2DSnCNhUi5P9J88pFS2eIaRFNGVg/s1600/frans_van_houten_560_250.jpg)
Philips lighting profits just announced:
"We must be doing something right" in the words of Philips CEO Frans van Houten.
Sure, Frans - your company is doing the right thing, making sure that the cheap popular competition gets banned and that worldwide switchover subsidies are continued ;-)
ABC news:
Philips Winning Market Share in Lighting
Bloomberg:
Philips Profit Beats Estimates as Revamp Boosts Lighting (includes video interview)
...and similar from other news sources 21-22 October
Osram, the world's second largest light bulb maker are hardly unhappy either:
"Osram AG, the German lightbulb maker spun off by Siemens in July, gained as much as 3 percent, the most in two months, to 37 euros".
Main news extracts:
Chief Executive Officer Frans Van Houten is expanding more profitable businesses such as LED lighting....demand for LED lighting bulbs boosted profitability....earnings rose 33 percent to 634 million euros ($867 million)....the stock gained as much as 5.2 percent...
While presenting third quarter earnings on a conference call Monday, Frans van Houten did not give a specific figure on the company's global market share. But the report showed LED lighting sales grew by 33 percent from a year ago in the three months through September. They accounted for 30 percent of the 2.08 billion euros ($2.85 billion) in lighting sales Philips had in the quarter....the strong LED sales and lower restructuring charges led to a 140 million euro profit, from a 14 million loss in the same period a year ago...
"We must be doing something right" he said.
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