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Philips CEO Frans Van Houten explains first quarter results

22 April 2013 Last updated at 13:39 BST

Philips, the world's biggest lighting maker, has reported a 38% jump in first quarter LED sales from a year earlier.

The pricey but long-life and energy-efficient bulbs now represent 23% of its lighting sales.

The Dutch healthcare and consumer appliances group said it made 154m euros ($201m; £132m) in the first three months of the year.

Chief executive officer Frans Van Houten spoke to BBC's World Business Report's Sally Bundock about the company's results.