These three years, PHILPS lighting in the end what has gone through?

Talking about "PHILPS lighting", nearly three years, the most attention of the domestic media event three: 1, Chinese acquisition of PHILPS Lumileds for the United States to "national security concerns" for the final "work not completed"; 2, PHILPS lighting split after the success of IPO, the PHILPS LumiLEDs final at a low price of $1 billion 300 million hit to the capital of the United States; 3 PHILPS lighting (Shenzhen) Co. manufacturing company in advance the dissolution of an uproar. So, these three years, PHILPS lighting in the end what has gone through?

With the global market situation of the international brand PHILPS lighting amidst the winds of change, from 2014 onwards will be lighting business segment resolution independent, and tried to spin off part of the lighting business, in order to achieve development, focusing of light, then developments can be described as "a drama", the middle game, there are twists and turns, and sigh! This is the beginning of the story:

July 2014, PHILPS announced that it will be Lumileds LED (LED chip) and automotive lighting division merged and set it as an independent subsidiary.

In September 23, 2014, Holland PHILPS group announced that its business plan will set up a separate lighting business: One divides into two. "Philips Lighting Company", consumer goods and medical department merged into the PHILPS medical technology company, the two companies will use the "PHILPS" brand.

October 2014, PHILPS officially completed Lumileds LED and automotive lighting cutting and merging, the new company named Lumileds.

In March 31, 2015, PHILPS agreed to a price of $2 billion 800 million will be under the LED components and automotive lighting business Lumileds 80.1% of the shares sold to Go Scale Capital Chinese consortium, PHILPS will retain the remaining 19.9% of the shares, the transaction is expected to be completed in the third quarter of 2015. PHILPS has said it plans to peel off the rest of the lighting business in 2016.

January 22, 2016, due to the inability to resolve the U.S. foreign investment committee "concerns about national security," the two sides decided to stop the transaction. But PHILPS still plans to sell Lumileds.

May 3, 2016, PHILPS announced that it will spin off its lighting sector PHILPS lighting for initial public offering, PHILPS lighting will be traded on the pan European stock exchange in Holland. PHILPS will sell at least 25% stake in PHILPS lighting ipo.

In May 16, 2016, PHILPS announced that its lighting business IPO (IPO) will finance 694 million 8.44 billion euros (about 785 million 9.5 billion dollars). IPO target price range between 18.50 euros per share to $22.50.

May 27, 2016, PHILPS lighting listed on the Holland stock exchange in Amsterdam, IPO shares rose on the first day. The background of the IPO, as part of the restructuring of the Royal PHILPS group in Holland, the group chose to own 125 years of the lighting sector of the 25% shares for sale.

In December 13, 2016, Royal PHILPS of Holland announced that it would sell its 80.1% stake in LED lighting, Lumileds, for $1 billion 500 million to Appollo, a private-equity giant. The price is $1 billion 300 million less than the previous deal with Chinese buyers.

According to media reports, in February 8, 2017, PHILPS said they would sell 14.8% stake in PHILPS lighting business. As part of the PHILPS group's strategy, segmentation is an important cause of the lighting out listing plan of the company, PHILPS is expected to achieve a complete plan within two years, the company's share price rose by 20% on the news.

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For PHILPS, PHILPS transformation is imminent. As early as the PHILPS lighting business spin off, PHILPS CEO Fransvan Houten has said that he understood the size of the decision involved, but the opportunity to take the next step to PHILPS. In recent years, PHILPS has shifted its focus to medical and advanced lighting products.

From the sale of a case, standing in the interests of the business, PHILPS Lumileds sold to China capital will undoubtedly profit more, after all, the bid is higher than the United States capital of $1 billion 300 million, this is definitely not a small number, but also from the global market, China market is a more important market. However, it has been done, What is done cannot be undone. Chinese resources and PHILPS Lumileds "meant to".

2016 revenue fell slightly

PHILPS seeks to continue to improve growth trends

According to the official website of PHILPS 20142016 annual earnings report shows that in 2014, PHILPS lighting business revenue of 6 billion 869 million euros, pre tax profit of 293 million euros. 2015, PHILPS lighting operating income of 7 billion 465 million euros, pre tax profit of $438 million. 2016, PHILPS lighting operating income of 7 billion 115 million euros, pre tax profit of $479 million.

2015, PHILPS lighting operating income has increased, but the growth rate of only 8%. In the past three years, PHILPS lighting in terms of operating income and pre tax profit, the data is not large fluctuations, but in 2016 operating income declined.

Reported that PHILPS lighting sales revenue in 2014 accounted for 59% of the lighting light source and electronics accounted for, professional lighting solutions accounted for 35% of consumer lamps accounted for 6%. PHILPS accounted for 7% of sales revenue in 2015, lighting lighting and electronics accounted for about 56%, professional lighting solutions accounted for 37% of consumer lamps accounted for. PHILPS lighting business structure has not changed much.