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Philips updates markets on lighting sector in meeting with financial analysts
In particular, Mr. Provoost will highlight how the continuing advancements in LED-based applications will enable the lighting industry to offer customers an increasing amount of superior all-inclusive, tailor-made solutions which in turn is expected to drive up demand, resulting in increasing industry volume and size.
He will also elaborate on the steps Philips has taken to safeguard its performance from the effects of the global recession as much as possible, and how these steps will make Philips Lighting a structurally more competitive business in the future.
"The Lighting market is in the midst of a radical transformation, driven by important global trends such as an increasing environmental awareness, changing lifestyles and ongoing urbanization and globalization," Mr. Provoost commented. Our strategy to shift our portfolio towards integrated applications and solutions, coupled with our unique, customer-oriented approach to the market and our global leadership in LED, positions us well to reap the benefits of this transformation."
Attendees of this investor day will first enjoy a demonstration of the latest LED-powered professional luminaires solutions at the showroom of the Philips Color Kinetics headquarters in Burlington, Massachusetts, USA. This will be followed by presentations of the Philips Lighting executive team in Boston, Massachusetts, USA, starting at 11:45 AM local time or 17:45 PM, CET. These can be monitored via audiocast at this page.
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