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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Philips Signs Agreement With Gov'ts Of Ethiopia And Netherlands To Build Cardiac Care Center in Ethiopia
Thursday, 24 May 2018 

May 24 (Reuters) - KONINKLIJKE PHILIPS NV ::SIGNS WITH GOVERNMENT OF ETHIOPIA AND NETHERLANDS 7-YEAR AGREEMENT TO BUILD ETHIOPIA’S SPECIALIZED CARDIAC CARE CENTER.AGREEMENT VALUED AT APPROXIMATELY 40 MILLION EURO.WILL BE RESPONSIBLE FOR FULL TURNKEY DESIGN, CONSTRUCTION, EQUIPPING AND COMMISSIONING OF HOSPITAL LOCATION.WILL BE RESPONSIBLE FOR STAFF EDUCATION AND EQUIPMENT MAINTENANCE FOR 5 YEARS AFTER COMPLETION.  Full Article

Philips To Enter Global Brand License Agreement With TPV Technology
Wednesday, 23 May 2018 

May 23 (Reuters) - KONINKLIJKE PHILIPS NV ::HAS SIGNED A BINDING LETTER OF INTENT WITH TPV TECHNOLOGY LIMITED.WITH TPV TO ENTER GLOBAL BRAND LICENSE AGREEMENT FOR AUDIO AND VIDEO PRODUCTS AND ACCESSORIES.PHILIPS WILL GRANT TPV EXCLUSIVE LICENSE AGREEMENT TO USE PHILIPS BRAND IN AV PRODUCTS, ACCESSORIES WORLDWIDE.  Full Article

Philips Lighting Changes Name To Signify
Wednesday, 16 May 2018 

May 16 (Reuters) - PHILIPS LIGHTING NV ::REG-PHILIPS LIGHTING IS NOW SIGNIFY.TODAY LAUNCHED ITS NEW COMPANY NAME.SIGNIFY WILL CONTINUE TO USE PHILIPS BRAND FOR ITS PRODUCTS.EXPECTS NAME CHANGE TO BE IMPLEMENTED IN ALL COUNTRIES WHERE IT IS ACTIVE BY BEGINNING OF 2019.  Full Article

Koninklijke Philips Acquires NightBalance
Tuesday, 8 May 2018 

May 8 (Reuters) - KONINKLIJKE PHILIPS NV ::EXPANDS ITS SLEEP & RESPIRATORY CARE PORTFOLIO WITH ACQUISITION OF NIGHTBALANCE.FINANCIAL DETAILS OF TRANSACTION WERE NOT DISCLOSED.  Full Article

Philips Lighting Q1 Sales down at 1.5 Billion Euros
Thursday, 26 Apr 2018 

April 26 (Reuters) - PHILIPS LIGHTING NV ::REG-PHILIPS LIGHTING REPORTS FIRST QUARTER SALES OF EUR 1.5 BILLION AND OPERATIONAL PROFITABILITY OF 7%.Q1 NET INCOME OF EUR 20 MILLION (Q1 2017: EUR 61 MILLION).Q1 SALES EUR 1.5 BILLION VERSUS EUR 1.57 BILLION IN REUTERS POLL.FOR 2018 WE AIM TO IMPROVE OUR ADJUSTED EBITA MARGIN FROM 9.6% TO 10.0-10.5%.Q1 ADJUSTED EBITA EUR 106 MILLION VERSUS EUR 129 MILLION IN REUTERS POLL.EXPECT TO BENEFIT FROM HIGHER SAVINGS AS OF SECOND HALF OF 2018.AIM TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR ON BASIS OF A STRONG SECOND HALF.EXPECT TO GENERATE SOLID FREE CASH FLOW IN 2018.SOLID FREE CASH FLOW IN 2018, WHICH IS, HOWEVER, EXPECTED TO BE SOMEWHAT LOWER THAN LEVEL IN 2017 DUE TO HIGHER RESTRUCTURING PAYMENTS..  Full Article

Koninklijke Philips announces pricing of fixed rate notes due 2024
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Koninklijke Philips NV ::KONINKLIJKE PHILIPS - ANNOUNCED PRICING OF ISSUE OF EUR 500 MILLION FIXED RATE NOTES DUE 2024 AND EUR 500 MILLION FIXED RATE NOTES DUE 2028.KONINKLIJKE PHILIPS N.V.- ISSUE PRICE FOR NOTES DUE 2024 IS 99.534% WITH A COUPON OF 0.750%, RESULTING IN A YIELD OF 0.830%.KONINKLIJKE PHILIPS N.V. - ISSUE PRICE FOR NOTES DUE 2028 IS 98.884% WITH A COUPON OF 1.375%, RESULTING IN A YIELD OF 1.496%.  Full Article

Koninklijke Philips Q1 Sales Rise To 3.9 Billion Euros
Monday, 23 Apr 2018 

April 23 (Reuters) - KONINKLIJKE PHILIPS NV ::Q1 RESULTS.SALES IN THE QUARTER WERE EUR 3.9 BILLION, WITH COMPARABLE SALES GROWTH OF 5%.Q1 NET INCOME FROM CONTINUING OPERATIONS WAS EUR 94 MILLION.Q1 ADJUSTED EBITA MARGIN IMPROVED BY 130 BASIS POINTS TO 8.7% OF SALES, COMPARED TO 7.4% OF SALES IN Q1 2017.Q1 OPERATING CASH INFLOW TOTALED EUR 92 MILLION.Q1 EBITA EUR 263 MILLION VERSUS EUR 212 MILLION IN REUTERS POLL.PHILIPS - CONTINUES TO MAKE PROGRESS IN LINE WITH THE TERMS OF THE CONSENT DECREE, WHICH IS PRIMARILY FOCUSED ON THE DEFIBRILLATOR MANUFACTURING IN US.PHILIPS - REITERATE TARGETS FOR THE 2017–2020 PERIOD OF 4-6% COMPARABLE SALES GROWTH.REUTERS POLL: Q1 SALES EUR 3.92 BILLION; Q1 EBITA EUR 212 MILLION.  Full Article

Koninklijke Philips Partners With Digital China Health To Launch Tele-Radiology Services In China
Thursday, 12 Apr 2018 

April 12 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND DIGITAL CHINA HEALTH LAUNCH TELE-RADIOLOGY SERVICES IN CHINA.  Full Article

Koninklijke Philips Enters Into Partnership Agreement With Dutch Zorgsaam Hospital
Tuesday, 27 Mar 2018 

March 27 (Reuters) - KONINKLIJKE PHILIPS NV ::ENTER INTO 15-YEAR STRATEGIC PARTNERSHIP AGREEMENT WITH DUTCH ZORGSAAM HOSPITAL.  Full Article

Koninklijke Philips And VPS Healthcare Sign 10-Year Agreement
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - KONINKLIJKE PHILIPS NV ::AND VPS HEALTHCARE SIGN 10-YEAR AGREEMENT.AGREEMENT FOR PHILIPS' ENTERPRISE-WIDE ELECTRONIC MEDICAL RECORD SOLUTION.AGREEMENT WILL SEE PHILIPS TASY EMR INSTALLED THROUGHOUT 18 LOCATIONS.18 LOCATIONS ACROSS VPS HEALTHCARE'S NETWORK OF CARE CENTERS IN MIDDLE EAST AND INDIA.  Full Article

Philips to buy heart rhythm disorder specialist EPD Solutions for $292.1 million

AMSTERDAM Dutch healthcare technology company Philips said on Tuesday it will buy EPD Solutions, a maker of cardiac imaging and navigation systems used to treat patients with heart rhythm disorders.