lower order intake in 2012 impacted sales

District Officer Abdul Qayum said the city government was responsible for only 32 roads. He said more than 150 were under the Lahore Development Authority. He said they would advise the LDA to consider a similar arrangement. He said that the project could work as a proto type for the entire province and could be replicated in other areas if it turned out to be successful. LEDs first replaced sodium lights on a section of Canal Road. Ferozepur Road became the second such road during the Metro Bus Route project.As one of the world’s leading LED package manufacturers, Everlight now holds more than 1,600 patents and patent applications. Moreover, Everlight obtained its 1,000th granted patent in March this year. Everlight’s patent portfolio covers Wholesale Led high bay light, phosphors, LED package design, LED luminaires, and many other diverse LED applications. Everlight believes that only with constant dedication in technical development, product innovation, and establishing a strong patent portfolio, can Everlight become one of the top players in the LED industry.
Everlight has continuously shown respect towards the competitor’s intellectual properties. Throughout the years, Everlight entered into mutually beneficial licensing agreements with many top-of-the-line LED providers so as to ensure the interests for both Everlight and its customers, while providing more competitive products and services to its clients.Philips operational results improve by 31% to EUR 421 million; net income at EUR 162 million.“We made solid progress again in the first quarter as all sectors contributed to the 31% improvement of our operational results, clearly demonstrating the positive impact our Accelerate! transformation program is having on our company. The initiatives to improve gross margins, structurally lower our cost base and reduce our inventory levels led to a better performance in the quarter. Consumer Lifestyle sales did very well, with strong 10% growth, as our locally relevant products and granular approach to drive growth delivered results. At Lighting, LED-based sales grew 38% over the previous year. Weak construction markets negatively impacted overall Lighting sales which were flat compared to the first quarter of 2012. At Healthcare, lower order intake in 2012 impacted sales, mainly in the US.

We reiterate our view of a slow first half to 2013, due to adverse market trends, especially in Europe and the US. We will continue to drive the execution of the Accelerate! initiatives, which include major productivity improvements and investments in innovation and sales capabilities, as we are convinced that our strong focus on operational excellence and organic growth will further unlock the full potential of Philips. We are committed to reach our financial targets this year.Healthcare comparable sales declined by Agent of floodlight. Customer Services and Home Healthcare Solutions had low single-digit growth, Patient Care & Clinical Informatics sales were flat, and Imaging Systems sales had a high-single-digit decline. Currency-comparable equipment order intake declined by 5%. EBITA margin improved to 10.4% of sales. EBITA margin excluding restructuring and other charges was 10.5% of sales, a year-on-year improvement of 0.9 percentage points.

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