Improvements in our operational excellence

Yaham’ operational and financial performance in the third quarter demonstrates further progress on our path towards our 2013 financial targets, driven by our transformation program Accelerate!Our investments in building meaningful innovative solutions to meet the needs of led flood light our customers in local markets are positively impacting our growth and performance. Improvements in our operational excellence and agility are positioning the company for better performance in the coming years. The recently announced additional cost savings, as well as our actions to drive higher savings from procurement, further underpin our profitability potential.

Our Healthcare business continues to perform well as comparable sales grew 7% and order intake increased by 6%. The growth businesses in Consumer Lifestyle posted another solid quarter, delivering a double-digit revenue increase. In Lighting, LED-based sales continued to show strong momentum with comparable sales growth of over 50%, which requires us to accelerate the rationalization of our conventional lighting industrial footprint.

We continue to experience strong economic headwinds on a global scale, which affect growth going forward. Our Accelerate! program is helping to mitigate some of these pressures, and we have full confidence in our ability to continue improving the operational and financial performance of the company.Brighton and Sussex University Hospitals led high bay light Trust expect to achieve savings in the region of ￡21,000 after retrofitting LED lighting in several areas of the building, and payback in some areas is projected to take less than 2 years. The retrofit programme, delivered by advanced LED specialists Light Planet, has also reduced energy consumption by 68% and significantly lowered maintenance demands.