International giants strategic adjustment impact on Chinese LED industry?1??
Philips segmentation division, currently seeking big enterprise shares, new business will at IPO on the road, they are how to attract capital planning and development? What is the impact on the LED industry?
The arrival of LED, not only will end more than 100 years history of the incandescent lamp, has prompted the Holland Royal Philips make stunning in one fell swoop, peel has a 123 year history of the lighting business. In the traditional LED lighting lighting collective transformation of the occasion, in the domestic enterprises have to integrate acquisitions to expand the scale, the traditional giants have to decide promptly and opportunely gesture will lighting division separates, cause infinite daydream.
The author thinks, once the Lumileds and Philips lighting independent after the listing, perhaps the LED industry will face a new wave of reshuffle.
The advantage of the opportunity, split Division
In September 23rd, Philips said, will put the company One divides into two., the establishment of an independent lighting enterprises, at the same time the consumer and healthcare sector consolidation for a valuation of 15000000000 euro enterprises. This is tantamount to the LED lighting market to cause a temporary clamour down under a heavy bomb.
The Philips before 2014 two quarter earnings: a quarter of lighting division sales good, Philips Lumileds lighting division growth up to two digits, more than the fourth quarter of 2013, LED sales growth of 37%. The second season lighting division sales increased by 1% per year to 1943000000 euros to 138000000 euros; EBITA. Among them, LED product sales increased by 43% per year, the proportion of PHILPS Lighting Sales Department was 36%, compared with the same period last year, the increase in the proportion of 11%. At the time, PHILPS said the company the traditional lighting of the season sales fell 13%. The company will take corresponding measures, to ensure that the traditional lighting in the future several years of sustained profitability. Now it seems, may be lighting sector partition is the choice of PHILPS.
PHILPS said the reorganization in 2015 and 2016 the cost savings of 300000000 euros for the PHILPS, but will lead to layoffs. Next year, the new company structure will save cost of 100000000 euros, and further save 200000000 euros in 2016. PHILPS expects restruc. PHILPS expects restructuring charges 2014-2016 years for 50000000 euros. Million Mercer said lighting business operating independently, will try to enter the adjacent upstream and downstream market, and will be considered by other ownership structure as the foundation of the various schemes, direct access to the capital market.
Perhaps a simple structure can more easily for investors to understand, and more easily assess the stock situation. PHILPS chief executive officer Vanhautown said: "the time the reorganization of PHILPS company strategic decision making under a very correct. "
This also dialysis epochal trend of LED lighting, lighting business restructuring will be fundamental change to better adapt to occur in the lighting industry, steering system services from a single product. LED has greatly changed the definition and application of global illumination mode. In order to adapt and lead the lighting changes, even the world giant also need to go with.
