initiatives are impacting all levels of the organization

Consumer Lifestyle comparable sales were 10% higher year-on-year, driven by double-digit growth at Domestic Appliances, high-single-digit growth at Personal Care, and mid-single-digit growth at Health & Wellness. EBITA margin was 9.8%. EBITA margin excluding restructuring and other charges was 9.9% of sales, a year-on-year improvement of 3.2 percentage points.Lighting comparable sales were in line with Q1 2012 as double-digit growth at Lumileds and mid-single-digit growth at Automotive were offset by declines in the other businesses. LED-based sales grew 38% compared to Q1 2012 and now represent 23% of Lighting sales. EBITA margin improved to 7.4%. EBITA margin excluding restructuring and other charges was 8.4%, an improvement of 3.7 percentage points.Our multi-year change and performance improvement program, Accelerate!, is now nearing its 2nd anniversary and has delivered solid results. The Accelerate!Agent of floodlight program will run through 2017 and has five comprehensive streams to enhance customer relevance, change the company culture, reduce overhead costs, streamline our end-to-end customer value chains, and re-allocate resources to profitable growth opportunities.
To support this transformation, over 900 senior leaders have participated in change management programs to create a high-performance culture. Our quarterly surveys conducted across 40,000 employees confirm that our Accelerate! initiatives are impacting all levels of the organization. We have launched our DfX program to reduce our bill of materials and improve value creation. The first pilots of our DfX program have clearly demonstrated the potential for improvement in this area. We have simplified the value chain in executed projects, which has led to an improvement of around 25% in customer service levels in Q1 2013 and reduced time-to-market of new innovations. Our overhead cost reduction program has resulted in EUR 549 million cumulative gross savings to date, including EUR 78 million realized in Q1 2013. We reduced inventory levels by 1.4 percentage points year-on-year this quarter.

LEDnovation, a innovator in LED lighting and replacement lamp technology, announced the addition of a warm-dimming version of the popular Bright For Life A19 Omnidirectional line. The A19 Warm-Dimming Omnidirectional features the world’s highest efficiency and high color rendering (CRI). It is the first of LEDnovation’s omnidirectional lamps to feature the well-received warm-dimming solution previously introduced on the Bright For Life Wholesale Led high bay light and Recessed Downlight families. As background, incandescent and halogen lamps turn warmer in color temperature when dimmed. With a unique digital dimming control, trichromatic color solution and customized dimming profile algorithms, the lamp, when dimmed, follows the black body planckian locus with exceptional fidelity, offering the most accurate representation of true incandescent and halogen dimming. The result is an exceptional omnidirectional LED A19 with the true look and feel across the entire dimming range of a traditional incandescent lamp.

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