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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Philips    PHIA   NL0000009538

ROYAL PHILIPS (PHIA)
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PHILIPS : It’s not a fixture, it’s not a bulb - Philips presents a single panel of light that fills the ceiling

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03/28/2014 | 02:11pm CET

Amsterdam The Netherlands - Philips (NYSE: PHG, AEX: PHIA), the global leader in lighting, will reveal an innovative luminous panel that can cover a whole ceiling with homogenous white light. The panel will be displayed at Light + Building, the world's biggest trade fair for lighting and building services technology in Frankfurt (March 30 - April 4, 2014).

Philips' OneSpace luminous ceiling was predicted by American author and professor of biochemistry Isaac Asimov in a 1964 New York Times article looking at the technology of the future. He wrote that "By 2014, electroluminescent panels will be in common use, and ceilings and walls will glow softly...''

The Philips OneSpace luminous ceiling integrates LED lights with textile to create a white light ceiling surface that hides the source of light completely. The result is a smooth and clutter-free ceiling that emits a uniform and glare-free light.

"This innovation will redefine how light can be used in architecture and design. Light is now an architectural component - it is no longer an add-on in a space,'' said Antoon Martens from Philips Lighting. ''The ceiling is not often seen as a design element - now, it is transformed by this minimalistic ultra-thin panel of light into a design statement.''

No additional ceiling is required with Philips' OneSpace luminous ceiling that plays the dual role of ceiling and light. It uses LEDs placed closely together in a mesh like arrangement combined with textile to create a sound absorbing panel with a signature homogeneous light quality. It also meets all building and safety requirements.

Architects involved in validation workshops of Philips' OneSpace luminous ceiling described the effect of the ceiling as "peaceful'', "serene" and "sky-like". The ceiling emits white light that recalls the feeling of natural daylight. It can be dimmed, used as safety lighting and also be connected to building management systems enabling centralized control to switch it on or off for greater energy efficiency.

Philips' OneSpace luminous ceiling is available in customized sizes up to 10 x 3 meters, providing a maximum freedom of design. It is especially suited for car showrooms, flagship retail stores and public spaces like airports, hotels and conference facilities to create a striking and calm space while also serving as functional lighting. 

Visit Philips at the Light + Building show in Frankfurt, Germany, from 30 March - 4 April 2014 in the Forum, Level 0, stand A01.

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Financials (€)
Sales 2018 18 156 M
EBIT 2018 1 929 M
Net income 2018 1 141 M
Debt 2018 2 944 M
Yield 2018 2,44%
P/E ratio 2018 26,93
P/E ratio 2019 19,27
EV / Sales 2018 1,80x
EV / Sales 2019 1,70x
Capitalization 29 823 M
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Number of Analysts 19
Average target price 38,4 €
Spread / Average Target 19%
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NameTitle
Frans van Houten Chief Executive Officer
Jeroen van der Veer Chairman-Supervisory Board
Sophie Bechu Chief Operating Officer & Executive Vice President
Abhijit Bhattacharya Chief Financial Officer & Executive Vice President
Jan Kimpen Chief Medical Officer
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