Philips 2012 Annual Report Download - page 75

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6 Sector performance 6.3 - 6.3
Annual Report 2012 75
6.3 Lighting
“The market for lighting is sizeable, attractive and growing. In the
transition towards energy-efficient and LED-based lighting
solutions, we are accelerating our Accelerate! program to excel
in customer satisfaction, time-to-market, and end-to-end
processes. In 2012 we made a significant step forward on our
path to value. Our Accelerate! transformation and the
turnaround of two of our business groups helped drive
improved profitability. Going forward, Philips Lighting will
continue to strengthen its global leadership position through
meaningful innovations that enhance people’s lives.”
Eric Rondolat, CEO Philips Lighting
• The lighting industry is undergoing a radical
transformation.
• The lighting market is large and attractive, driven by
major trends.
• Strategy based on four priorities to maximize growth,
improve performance and expand leadership.